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Matt Johnson delivers newspapers and is putting away $19 at the end of each month from his paper route collections. Matt is 12 years old
Matt Johnson delivers newspapers and is putting away $19 at the end of each month from his paper route collections. Matt is 12 years old and will use the money when he goes to college in 6 years. What will be the value of Matt's account in 6 years with his monthly payments if he is earning 7%(APR) ,8.5%(APR), or 12%(APR)?
What will be the value of Matt's account in 6 years with his monthly payments if he is earning 7%(APR)? $enter your response here(Round to the nearest cent.)
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