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To offer scholarships to children of employees, a company invests $12000 at the end of every three months in an annuity that pays 9% compounded

To offer scholarships to children of employees, a company invests $12000 at the end of every three months in an annuity that pays 9% compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest.

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