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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $110,000 he earned providing Mr. Burns entertainment 5 years

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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $110,000 he earned providing Mr. Burns entertainment 5 years ago at 75 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 75 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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