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You will be receiving semi-annual payments of $20,000 over the next 8 years. The first payment will occur 6 months from today. You plan on

You will be receiving semi-annual payments of $20,000 over the next 8 years. The first payment will occur 6 months from today. You plan on investing thses payments and you expect to earn a return of 7% p.a. compounded on a monthly basis. The future value of this investment at the end of its time horizon is what?

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