Please solve using Excel formulas.

(Relatedto Checkpoint 6.1) (Future value of an annuity)

Imagine that Homer Simpson actually invested the $110,000 he earned providing Mr. Burns entertainment 6 years ago at 8 percent annual interest and that he starts investing an additional $2,500a year today and at the beginning of each year for 10 years at the same 8 percent annual rate. How much money will Homer have 10 years from today?

The amount of moneyHomer wil have 10 years from now . (Round to the nearest cent.)

(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $110,000 he earned providing Mr. Bums entertainment 6 years ago at 8 peroent annual interest and that he starts investing an additional $2,500 a year today and at the beginning of each year for 10 years at the same 8 percent annual rate. How much money will Homer have 10 years from today? The amount of money Homer will have 10 years from now is 1 (Round to the nearest cent.)