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( Related to Checkpoint 6 . 1 ) ( Future value of an annuity ) Imagine that Homer Simpson actually invested the $ 1 6

(Related to Checkpoint 6.1)(Future value of an annuity) Imagine that Homer Simpson actually invested the $160,000 he earned providing Mr. Burns entertainment 5 years ago at 11.5 percent annual interest and that he starts investing an additional $1,800 a year today and at the beginning of each year for 5 years at the same 11.5 percent annual rate. How much money will Homer have 5 years from today?
The amount of money Homer will have 5 years from now is $.(Round to the nearest cent.)
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