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What is the value today of an investment that pays $2,200 every two years forever starting...

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

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