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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

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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 a discount rate of 6% per semester, which of the following is the correct calculation for determining the present value of the scholarship? O A. PV = $1,200 x (PV factor, i = 6%, n = 4) O B. PV = $600 x 6% x 8 OC. PV = $600 x (Annuity FV factor, i = 12%, n = 4) OD. PV = $600 x (Annuity PV factor, i = 6%, n = 8)

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