Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $17 at the end of each month 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 monthly payments if he is earning 5% (APR), 9% (APR), or 13% (APR)? What will be the value of Matt's account in 6 years with his monthly payments if he is earning 5% (APR)? $1,424.011,424.01 (Round to the nearest cent.) What will be the value of Matt's account in 6 years with his monthly payments if he is earning 9% (APR)? $nothing (Round to the nearest cent.).
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