To offer scholarship to children of employees, a company invests $10,000 at the end of every three months in an annuity that pays 9% compounded quartely.                                                                                                                a) How much will the company have in scholarship funds at the end of ten years?  $__                                                                                                          a) The company will have $______ in scholarship funds.                                         b) The interest is $_______

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 77E
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To offer scholarship to children of employees, a company invests $10,000 at the end of every three months in an annuity that pays 9% compounded quartely.                                                                                                                a) How much will the company have in scholarship funds at the end of ten years?  $__                                                                                                          a) The company will have $______ in scholarship funds.                                         b) The interest is $_______

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