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To offer scholarships to children of employees, a company invests $8000 at the end of every three months in an annuity that pays 9.5% compounded

To offer scholarships to children of employees, a company invests

$8000

at the end of every three months in an annuity that pays

9.5%

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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