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BOTH ANSWERS PLS (Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $150,000 he earned providing Mr. Burns
BOTH ANSWERS PLS
(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $150,000 he earned providing Mr. Burns entertainment 6 years ago at 8 percent annual interest and that he starts investing an additional $1,600 a year today and at the beginning of each year for 10 years at the same 8 percent annual rate. How much money will Homer have 10 years from today? The amount of money Homer will have 10 years from now is $. (Round to the nearest cent.) (Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $150,000 he earned providing Mr. Burns entertainment 6 years ago at 8 percent annual interest and that he starts investing an additional $1,600 a year today and at the beginning of each year for 10 years at the same 8 percent annual rate. How much money will Homer have 10 years from today? The amount of money Homer will have 10 years from now is $. (Round to the nearest cent.)Step by Step Solution
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