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(Related to Checkpoint 6.1) (Future value of an annuity)Imagine that Homer Simpson actually invested the $170,000 he earned providing Mr. Burns entertainment 6 years ago

(Related to Checkpoint 6.1) (Future value of an annuity)Imagine that Homer Simpson actually invested the

$170,000

he earned providing Mr. Burns entertainment

6

years ago at

9.5

percent annual interest and that he starts investing an additional

$1,600

a year today and at the beginning of each year for

5

years at the same

9.5

percent annual rate. How much money will Homer have

5

years from today?

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