Question 5 (1 point) An investment is expected to result in equal payments of $ 15740.00 at the end of each semi-annual period for the next 9 years (ordinary annuity). Compounding: 2 times per year. If the appropriate required rate of return (discount rate) is 11 %, what is the present value of the annuity stream? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: AD