An investment pays $2,100 per year for the first 4 years, $4,200 per year for the next 6 years, and $6,300 per year the following 10 years (all payments are at the end of each year). If the discount rate is 9.10% compounding quarterly, what is the fair price of this investment?
Work with 4 decimal places and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
$35,871.57
$26,903.68
$30,849.55
$41,252.31
$36,230.29