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What is the value today of an investment that pays $2,500 every two years forever starting one year from today and $5,000 every two years
What is the value today of an investment that pays $2,500 every two years forever starting one year from today and $5,000 every two years forever starting two years from today if the APR is 9.25% compounded quarterly? That is, a $2,500 payment occurs 1 year from today, a $5,000 payment 2 years from today, a $2,500 payment 3 years from today, and so on.
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