Future value with periodic rates matt johnson delivers, Financial Management

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Future value with periodic rates matt johnson delivers

Future value with periodic rates. Matt Johnson delivers newspapers and is putting away ?$35 at the end of each quarter from his paper route collections. Matt is 11 years old and will use the money when he goes to college in 7 years. What will be the value of? Matt's account in 7 years with his quarterly payments if he is earning 5?% ?(APR), 11% ?(APR), or 14% ?(APR)?

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