Question: Three part question. Please explain in detail each step for each answer. Future value with periodic rates. Matt Johnson delivers newspapers and is putting away

Three part question. Please explain in detail each step for each answer.

Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $45 at the end of each quarter from his paper toute 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 quarterly payments if he is earning 45% (APR), 95% (APR), or 12.5% (APRY? What will be the value of Matt's account in 6 years with his quarterly payments if he is earning 4 5% (APR)? (Round to the nearest cerit)

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