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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away S45 at the end of each quarter from his paper route collections.
Future value with periodic rates. Matt Johnson delivers newspapers and is putting away S45 at the end of each quarter from his paper route collections. Matt is 10 years old and will use the money when he goes to college in 8 years. What will be the value of Matt's account in 8 years with his quarterly payments if he is eaming 6.5% (APR), 11% (APR), cr 13.5% (APRY? What will be the value of Matt's account in 8 years with his quarterly payments if he is earning 6.5% (APR)? SL (Round to the nearest cont.)
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