You have been awarded a scholarship that will pay you $600 per semester at the end of each of the next 8 semesters that you earn a GPA of 3.5 or better. You are a very serious student and you anticipate receiving the scholarship every semester. Using discount rate of 5% per semester, which of the following is the correct calculation for determining the present value of the scholarship? PV = $600 * 5% X8 PV = $600 (Annuity FV factor, i = 10%, n = 4) PV = $600 (Annuity PV factor, i = 5%, n=8) PV - $1200 (PV factor, / -5%, n=4) vious