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(Related to Checkpoint 6.1) (Future value of an annuity)Imagine that Homer Simpson actually invested the $180,000 he earned providing Mr. Burns entertainment 9 years ago
(Related to Checkpoint 6.1) (Future value of an annuity)Imagine that Homer Simpson actually invested the $180,000 he earned providing Mr. Burns entertainment 9 years ago at8.5percent annual interest and that he starts investing an additional $2,100a year today and at the beginning of each year for 10 years at the same 8.5 percent annual rate. How much money will Homer have 10 years from today?
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