Future value with periodic rates

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Future value with periodic rates.

Matt Johnson delivers newspapers and is putting away ?$45 at the end of each quarter from his paper route collections. Matt is 12 years old and will use the money when he goes to college in 6 years. What will be the value of? Matt's account in 6 years with his quarterly payments if he is earning 5?% ?(APR), 8% ?(APR), or 12.5% ?(APR)?

What will be the value of? Matt's account in 6 years with his quarterly payments if he is earning 5?% ?(APR)?

Reference no: EM132646734

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