To offer scholarships to children of employees, a company invests $14,000 at the end of every three months in an annuity that pays 10.5% compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest. Click the icon to view some finance formulas. a. The company will have $ in scholarship funds. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)

To offer scholarships to children of employees, a company invests $14,000 at the end of every three months in an annuty that pays 10.5% compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest. Click the icon to view some finance formulas. a. The company will have $ in scholarship funds. (Do not round until the final answer. Then round to the nearest dollar as needed) b. The interest is \$ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.) In the following formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. A=rP[(1+r)t1] A=(nr)P[(1+nr)nt1]P=[(1+nr)nt1]A(nr) P=[(1+nr)nt1]A(nr) In the following formulas, P is the principal amount deposited into an account, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and A is the future value of the account after t years. A=P(1+r)tA=P(1+nr)nt