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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $30 at the end of each quarter from his paper route collections.

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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $30 at the end of each quarter from his paper route collections. Matt is 13 years old and will use the money when he goes to college in 5 years. What will be the value of Matt's account in 5 years with his quarterly payments if he is earning 4% (APR), 8.5% (APR), or 13.5% (APR)? 165 LEP = 25 What will be the value of Matt's account in 5 years with his quarterly payments if he is earning 4% (APR)? (Round to the nearest cent.)

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