Question

Asked Dec 12, 2019

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To offer scholarships to children of employees, a company invests $11,000 at the end of every three months in an annuity that pays 10.5% compounded quarterly.

- How much will the company have in scholarship funds at the end of ten years?
- find the interest

Step 1

Recall the following fact.

Step 2

(a) Obtain the scholarship funds ...

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