Hide/Show Time Remaining Part 2 of 3 - Part 2: 9 questions from Chapter 3 to 8 Question 1 of 9 1.0 Points On January 1, 2020 a university received a grant of $500,000 that is invested at /4 = 8%. The grant is to be used to pay out semi-annual scholarships of $X forever. What is the size of each scholarship If the first one is to be awarded on July 1, 2022? O A. $22,748.48 B. $20,200.00 C. $23,667.50 D. $22,841.05 Reset Selection Next Save