Matt Johnson delivers newspapers and is putting away

$45

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 of Matt's account in

7

years with his

quarterly

payments if he is earning

4%

(APR),

8.5%

(APR), or

14.5%

(APR)?

What will be the value of Matt's account in

7

years with his

quarterly

payments if he is earning

4%

(APR)?