Question
Future value with periodic rates.Matt Johnson delivers newspapers and is putting away $50 at the end of each quarter from his paper route collections. Matt
Future value with periodic rates.Matt Johnson delivers newspapers and is putting away $50 at the end of each quarter 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 quarterly payments if he is earning 5% (APR), 11 % (APR), or 13.5 % (APR)? What will be the value of Matt's account in 6 years with his quarterly payments if he is earning 5% (APR)? $ 12.5.25 nothing(Round to the nearest cent.)
Please show how to calculate
Thank you
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