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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections.

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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections. Matt is 12 years old and will use the money when he goes to college in 6 years. What will be the value of Matt's account in 6 years with his monthly payments if he is earning 6% (APR), 8% (APR), or 12% (APR)

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