please answer in formulas and round decimals to two decimal places for interest rates and dollar amounts in final answer. please answer in text that can be copied not in a picture format or excel.

5. Evander Endicott is investing his retirement savings with the Eilat Investment Corp which will pay him $8.550 per quarter for the next 20 years with the first payment occurring three months from now. If the required rate of return is 11.22% compounded quarterly, how much is Evander investing today with Eilat