be paid to him as an annual scholarship of $8000 at the end of eoch year, if he ends up in university. The intreetitonce wras invested in o schotarisip fund for 5 yeare (until he turns la years old) at 98 compounded annually. How long will the scholarship be poid for, ance Mor enters university? telect one: a. 3 years b. 7 yeors c. 6 yeors d. 5 yeors e. 4 years