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12 How much can be paid in scholarships at the end of each quarter if $130,000 is deposited in a trust fund if interest is

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How much can be paid in scholarships at the end of each quarter if $130,000 is deposited in a trust fund if interest is 7.4% compounded quarterly? The amount that can be paid each quarter is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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