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Question 4, PS-7 (similar to) Part 1 of 3 Homework: Chapter 5 Homework HW Score: 71.43%, 5 of 7 points O Points: 0 of 1

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Question 4, PS-7 (similar to) Part 1 of 3 Homework: Chapter 5 Homework HW Score: 71.43%, 5 of 7 points O Points: 0 of 1 Save Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $16 at the end of each month from his paper route collections. Matt is 9 years old and wif use the money when he goes to college in Pyears. What will be the value of Matts account in 9 years with his monthly payments if he is eaming 7% (APR), 9 (AP) or 15% (APRI What will be the value of Matts accoumt in 9 years with his monthly payments if he is eamg 7% (APR $(Round to the nearest cent)

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