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Bianca was awarded a five-year scholarship to attend medical school. The scholarship will pay $10,000 at the end of each year for the next five

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Bianca was awarded a five-year scholarship to attend medical school. The scholarship will pay $10,000 at the end of each year for the next five years to reimburse her for normal school-related expenditures. Question: Assuming an annual interest rate of 6% and rounded to the nearest whole dollar, what is the value today of this scholarship? Factor tables are supplied below. Future value of a lump sum Present value of a lump sum Future value of an annuity Present value of an annuity Select one: O a. $42,124 O b. $50,000 O c. $56,371 O d. $53,000 O e. $13,382

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