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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $100,000 he eamed providing Mr. Eurns entertanment 5 years

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(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $100,000 he eamed providing Mr. Eurns entertanment 5 years ago at 7.5 percent annual interest and that he starts investing an additional $1,500 a year loday and at the beginning of each year for 20 years at the same 7.5 percent annual rate. How much money wil Horrer hwo 20 years from today? The amount of money Homer will have 20 years from now is 5 (Round to the nearest cant.)

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