Question
Matt Johnson delivers newspapers and is putting away $19 at the end of each month from his paper route collections. Matt is 13 years old
Matt Johnson delivers newspapers and is putting away $19 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 is 5 years. What will be the value of Mtt's account in 5 years with his monthly payments is he is earning 4.5% (APR), 9% (APR), or 12.5% (APR)?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
