Matt Johnson delivers newspapers and is putting away

$18

at the end of each

month

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

monthly

payments if he is earning

5.5%

(APR),

8%

(APR), or

12.5%

(APR)?

What will be the value of Matt's account in

5

years with his

monthly

payments if he is earning

5.5%

(APR)?