Question 10 of 13 A technology company deposited $85,700 into an account for quarterly scholarships to be awarded to business students in Calgary. The scholarship will be given at the beginning of every three months forever, with the first scholarship to be awarded five years after the amount was deposited. What will be the size of these quarterly scholarships if the interest rate is 7.7% compounded daily? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. Round to the nearest cent