10. How much can be paid in scholarships at the end of each year if $350,000 is deposited in a trust fund and interest is 7.8% compounded quarterly? 9. Matt borrowed $13,000 at 5.5% compounded semi-annually. If the loan is to be repaid in equal semi-annual payments over 2 years and the first payment is due in 3 years after the date of the loan. What is the size of each monthly payment