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You have been awarded a scholarship that will pay you $200 per semester at the end of each of the next 8 semesters that you
You have been awarded a scholarship that will pay you $200 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 a discount rate of 4% per semester, which of the following is the correct calculation for determining the present value of the scholarship? O A. PV = $200 x (Annuity FV factor, i = 8%, n= 4) O B. PV = $200 x 4% x 8 O C. PV = $400 x (PV factor, i = 4%, n = 4) OD. PV = $200 x (Annuity PV factor, i = 4%, n= 8)
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