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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $170,000 he eamed providing Mr. Burns entertainment 7 years
(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $170,000 he eamed providing Mr. Burns entertainment 7 years ago at 9 percent annual interest and that he starts investing an additional $1,500 a year today and at the beginning of each year for 5 years at the same 9 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 3 (Round to the nearest cent)
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