Question: please answer in formulas and round decimals to two decimal places for interest rates and dollar amounts in final answer . please answer in text

please answer in formulas and round decimals to two decimal places

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

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