What is the value today of an investment that pays $900 every two years forever starting one year from today and $1,800 every two years forever starting two years from today if the APR is 5.25% compounded quarterly? That is, a $900 payment occurs 1 year from today, a $1,800 payment 2 years from today, a $900 payment 3 years from today, and so on.
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