An insurance broker calls you and despite your finance professor's warnings, you listen to their offer. The offered insurance product requires you to make payments semi-annually of $50 and do so for the next 20 years ( (1^("st "):} payment is 6 months from today). The insurance product offers to meet your required return of 6% per year (I.e. effective), and pay interest semi-annually. What amount of money should the insurance product promise you at the end of 20 years