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Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $110,0007 years ago at a 9 percent annual nterest rate. If he

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Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $110,0007 years ago at a 9 percent annual nterest rate. If he invests an additional $2,200 a year at the beginning of each year for 5 years at the same 9 percent annual rate, how much money will Homer have 5 years from now? a. If Homer invested $110,0007 years ago at a 9 percent annual interest rate, what is the future value of this investment 5 years from now? $ (Round to the nearest cent.) b. If Homer invests an additional $2,200 a year at the beginning of each year for 5 years at the same 9 percent annual rate, what is the future value of this investment 5 years from now? (Round to the nearest cent.) c. How much money will Homer have 5 years from now? (Round to the nearest cent.)

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