Part 1

(Related to Checkpoint 6.1) (Future value of an annuity)Imagine that Homer Simpson actually invested the $200,000 he earned providing Mr. Burns entertainment 8 years ago at 6.5 percent annual interest and that he starts investing an additional $1,900 a year today and at the beginning of each year for 15 years at the same 6.5 percent annual rate. How much money will Homer have 15 years from today?