Future value with periodic ratesmatt johnson delivers, Ask an Expert

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Future value with periodic rates.

Matt Johnson delivers newspapers and is putting away ?$20 at the end of each monthmonth from his paper route collections. Matt is 88 years old and will use the money when he goes to college in 10 years. What will be the value of? Matt's account in 10 years with his monthlymonthly payments if he is earning 6.5% ?(APR), 8.5 % ?(APR), or 14.5 % ?(APR)?

What will be the value of? Matt's account in 10 years with his monthly payments if he is earning 6.56.5?% ?(APR)?

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Financial Management, Finance

Category:- Financial Management
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