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Homework: Chapter 5 Homework Save Score: 0 of 1 pt 4 of 7 (4 complete) HW Score: 42.86%, 3 of 7 pts X P5-7 (similar
Homework: Chapter 5 Homework Save Score: 0 of 1 pt 4 of 7 (4 complete) HW Score: 42.86%, 3 of 7 pts X P5-7 (similar to) Question Help Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $40 at the end of each quarter from his paper route collections. Matt is 13 years old and will use the money when he goes to college in 5 years. What will be the value of Matt's account in 5 years with his quarterly payments if he is earning 4.5% (APR), 10.5% (APR), or 12.5% (APR)? What will be the value of Matt's account in 5 years with his quarterly payments if he is earning 4.5% (APR)? $1(Round to the nearest cent.)
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