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Future value with periodic rates. Matt Johnson delivers newspapers and is puating away $15 at the end of each month from his paper route collectians.

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Future value with periodic rates. Matt Johnson delivers newspapers and is puating away $15 at the end of each month from his paper route collectians. Matt is 11 years old and will use the money when he goes to college in 7 years. What will be the value of Matr's acoount in 7 years with his monthy payments if he is earning 5.5% (APR). 8.5% (APR) or 13.5% (APR)? What will be the value of Matrs account in 7 years with his monthily payments it he is earring 5.5% (APR)? (Round to the nearest cent)

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