How Much Money Must Be Invested Now At $5 \%$ Per Year, Compounded Semi-Annually, to Fund an Annuity Of

Multiple Choice

How much money must be invested now at $5 \%$ per year, compounded semi-annually, to fund an annuity of $14$
Semi-annual payments of $\$ 100$
Each, the first payment being six months after the initial investment?

A) $\$ 1069.09$
B) $\$ 2455.09$
C) $\$ 2169.09$
D) $\$ 2545.49$
E) $\$ 1169.09$