In: Finance
What is the value today of an investment that pays $2,200 every two years forever starting one year from today and $4,400 every two years forever starting two years from today if the APR is 8.50% compounded quarterly? That is, a $2,200 payment occurs 1 year from today, a $4,400 payment 2 years from today, a $2,200 payment 3 years from today, and so on.
Question 21 options:
$37,081 |
|
$38,008 |
|
$38,935 |
|
$39,862 |
|
$40,789 |