Candice is going to receive $20,000 in each of the next three years as the result of an insurance settlement. The annual payment of $20,000 will actually be paid out in equal monthly installments, beginning in exactly one month (i.e. 12 equal monthly payments per year totaling $20,000). She plans on saving all of this money and investing it for her retirement. Each monthly investment will be made the day she receives the payment from the insurance company. If Candice can earn an effective annual rate (EAR) of 8% on her investments (there is monthly compounding with this investment), how much will she have in her account if she retires 25 years from today?