What will be the value of matt account

Reference no: EM131996254

Question: Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections. Matt is 13 years old and will use the money when he goes to college in 5 years. What will be the value of Matt's account in 5 years with his monthly payments if he is earning 6.5% (APR), 10.5% (APR), or 12.5% (APR)?

Reference no: EM131996254

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