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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.

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 11 years old and will use the money when he goes to college in 7 years. What

will be the value of Matt's account in 7 years with his quarterly payments if he is earning 6.5% (APR), 10.5% (APR), or 13% (APR)?

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