You have just won a lawsuit and, as part of the judgement, you will be...
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Finance
You have just won a lawsuit and, as part of the judgement, you will be receiving semi-annual payments of $25,000 over the next ten years. The first payment will occur six months from today. You plan on investing these payments and you expect to earn a return of 6% p.a. compounded on a monthly basis. The future value of this investment at the end of its time horizon is closest to: O $671,759. $659,040. O $590,120. O $674,345
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