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Future value of an annuity)Imagine that Homer Simpson actually invested the $180,000 he earned providing Mr. Burns entertainment 9 years ago at 11 percent annual

Future value of an annuity)Imagine that Homer Simpson actually invested the

$180,000

he earned providing Mr. Burns entertainment

9

years ago at

11

percent annual interest and that he starts investing an additional

$1,900

a year today and at the beginning of each year for

5

years at the same

11

percent annual rate. How much money will Homer have

5

years from today?

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