URGENT!!⚠️ a local record store invested $400,000 in charitable trust fund so that they can offer scholarships to their employees. the interest rate is 4.2% compounded quarterly. how much interest is available

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asked Apr 27, 2023 80.4k views

2 votes

URGENT!!⚠️

a local record store invested $400,000 in charitable trust fund so that they can offer scholarships to their employees. the interest rate is 4.2% compounded quarterly. how much interest is available from the trust fund for the scholarships each year?