Susan Orman wants to pay $1,550 semiannually to her granddaughter for 10 years for helping her around the house. If Susan can invest money at 4% compounded semiannually, how much must she invest today to meet this goal? (Please use the following provid Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value Pengd 05% $ 25,420.00 Present value interest factor of an (ordinary) annuity of $1 per period at i% for n periods, PVIFA(in). 1.0% 15% 20% 25% 30%

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