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(Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $100,000 5 years ago at a 7.5 percent annual interest rate.

(Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $100,000 5 years ago at a 7.5 percent annual interest rate. If he invests an additional $1,500 a year at the beginning of each year for 20 years at the same 7.5 percent annual rate, how much money will Homer have 20 years from now?

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