15. Find the present value of an ordinary annuity with payments of $500 a year for 5 years, if interest rates are 8% compounded semiannually. * a $1996.36 Ob) $1701.46 ) c) $2993.30 O ) d) $1656.06 O e) None of the above 16. Janice has $5,000 invested in a bank that pays 8.3% annually. How long will it take for her funds to triple? * O a. 23.99 O b. 25.26 . c. 26.58 O d. 29.46 O e e. None of the above