A technology company deposited $$62,580$ into an account for yearly scholarships to be awarded to business students in Canada. The scholarship will be given at the beginning of every year forever, with the first scholarship to be awarded $4$ years after the amount was deposited. What will be the size of these annual scholarships if the interest rate is $6\mathrm{.}6\%$ compounded semi$-$annually?

Please include a well$-$labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions.

Round to the nearest cent.