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Matt Johnson delivers newspapers and is putting away $ 30 at the end of each quarter from his paper route collections. Matt is 11 years
Matt Johnson delivers newspapers and is putting away $30 at the end of each quarter from his paper route collections. Matt is 11 years old and will use the money when he goes to college in 7 years. What will be the value ofMatt's account in 7 years with his quarterly payments if he is earning 7% (APR), 11% (APR), or 13.5% (APR)?
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