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What Matt Johnson delivers newspapers and is putting away $35 atthe end of each quarter from his paper route collections. Matt is10 years old and will use the money when he goes to college in 8years. What will be the value of Matt's account in 8 years with hisquarterly payments if he is earning 6.5% (APR), 9.5% (APR) or 13%(APR)?What will be the value of Matt's account in 8 years with hisquarterly payments if he is earning 6.5% (APR)? $9.5% (APR)? $13% (APR)? $
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