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Imagine that Homer Simpson actually invested the $120,000 he earned providing Mr. Burns entertainment 5 years ago at 7.5 percent annual interest and that he

Imagine that Homer Simpson actually invested the

$120,000

he earned providing Mr. Burns entertainment

years ago at

7.5

percent annual interest and that he starts investing an additional

$2,000

a year today and at the beginning of each year for

years at the same

7.5

percent annual rate. How much money will Homer have

years from today?

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