A college has obtained the following cash flow to establish a permanent scholarship. If funds are invested at 6% annual rate and disbursed yearly at the same amount, what will be the value of the scholarship in the 6th year of operation? 10 12 14 16 Ti $10,000 a) $5,286 b) $6,826 c) $6,286 d) $8,286 e) $7,286 A college has obtained the following cash flow to establish a permanent scholarship. If funds are invested at 6% annual rate and disbursed yearly at the same amount, what will be the value of the scholarship in the 6th year of operation? 10 12 14 16 Ti $10,000 a) $5,286 b) $6,826 c) $6,286 d) $8,286 e) $7,286