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please answr all parts Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from
please answr all parts
Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from hes paper route colections. Mart is 13 years old and will use the money when he goes to college in 5 years. What wil be the value of Mait's account in 5 years with his morithly payments it he is earning 5% (APR), 8.5\% (APR), or 13.5% (APR)? Wrat wil be the value of Matrs account in 5 years with his monitly paymyents if he is earning 5% (APR)? (Round to the nearest cent) Step by Step Solution
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