Brief Exercise C-11 Calculate the present value of an annuity (LOC-3) Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $13,000 each year for the next four years to reimburse normal school-related expenditures. Each $13,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 5,5%, determine the value today of receiving this scholarship if Tatsuo maintains good grades. (FV of $1. PV of S1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value of annuity Brief Exercise C-11 Calculate the present value of an annuity (LOC-3) Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $13,000 each year for the next four years to reimburse normal school-related expenditures. Each $13,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 5,5%, determine the value today of receiving this scholarship if Tatsuo maintains good grades. (FV of $1. PV of S1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Present value of annuity