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Essignment The amount of money Homer will have 5 years from now is S Question 3 P6 35 similar to O Points 0 of 1

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Essignment The amount of money Homer will have 5 years from now is S Question 3 P6 35 similar to O Points 0 of 1 Related to Checkpoint 6 1 Future value of an annuity Imagine that Homer Simpson actually invested the 100 000 he earned providing Mr Burns entertainment 10 years ago at 7 percent annual interest and that he starts investing an additional 1 600 a year today a the beginning of each year for 5 years at the same 7 percent annual rate How much money will Homer have 5 years from today Round to the nearest cent Sa

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