(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested...
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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $140,000 he eamed providing Mr. Burns entertainment 9 years ago at 6.5 percent annual interest and that he starts investing an additional $2,300 a year today and at the beginning of each year for 15 years at the same 6.5 percent annual rate. How much money will Homer have 15 years from today? The amount of money Homer will have 15 years from now is $ (Round to the nearest cent.)
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