Fernando wants to invest $700 in an account at the beginning of each of the next 7 years. That investment would give him a return of 11% per year, compounded annually. Then he wants to invest what he receives from there in another investment with an insurance company for another 10 years at a rate 5% annual interest compounded semiannually. The question is: how much could Fernando receive at the end of each year for the last 10 years?