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Brief Exercise C-12 (Algo) Calculate the present value of an annuity (LOC-5) Tatsuo has ust been awarded a four-year scholarship to attend the university of

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Brief Exercise C-12 (Algo) Calculate the present value of an annuity (LOC-5) Tatsuo has ust been awarded a four-year scholarship to attend the university of his choice. The scholarship wil pay $10,000 each year for the next four years to reimburse normal school-related expenditures. Eoch $10,000 payment wil 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 8.0x, determine the value today of receiving this scholarship if Totsuo maintains good grades. (FV of.51. PV of Si. EVA of Si, and PVA of S1) (Use tables. Excel, or a financial calculator. Round your answer to 2 decimal places.) Answer is complete but not entirely correct

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