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Matt Johnson delivers newspapers and is putting away $17 at the end of each month from his paper route collections. Matt is 9 years old

Matt Johnson delivers newspapers and is putting away $17 at the end of each month 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 monthly payments if he is earning 5% (APR), 9%(APR), or 13.5% (APR)?

What will be the value of Matt's account in 9 years with his monthly payments if he is earning 5% (APR)?

(Round to the nearest cent.)

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