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