You have just won a lawsuit and, as part of the settlement, you will be receiving semi-annual payments of $10,000 over the next eight years. The first payment will occur six months from today. You plan to invest these payments and you expect to earn a return of 7% p.a. compounded on a monthly basis.  calculate The future value of this investment at the end of its time horizon.

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To calculate the future value of the semiannual payments we can use th... View the full answer