An investment is advertised as returning 3.1% every 3 months (quarterly), compounded quarterly. if $30,000 is invested, the growth can be modeled by the equation a(t) = 30,000(1.031)^4t. what is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 15 years? hint: find the value of 1.031^4 on your calculator. 12.99% and $187,000 12.47% and $173,000 7.82% and $187,000 9.37% and $43,000

Match the scenarios with terms related to financial aid.pell grantstudent loanmerit-based scholarshiprichard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.