Matt Johnson delivers newspapers and is putting away

$40

at the end of each

quarterquarter

from his paper route collections. Matt is

10

years old and will use the money when he goes to college in

8

years. What will be the value of Matt's account in

8

years with his

quarterlyquarterly

payments if he is earning

6%

(APR),

8.5%

(APR), or

13%

(APR)?