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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

9 years old and will use the money when he goes to college in

9 years. What will be the value of Matt's account in

9 years with his

quarterly payments if he is earning

5.5% (APR),

11% (APR), or

14.5% (APR)?

What will be the value of Matt's account in

9 years with his

quarterly payments if he is earning

5.5% (APR)?

$

nothing

(Round to the nearest cent.)

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