Unit 6 Question 3:

(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 8 years ago at 7 percent annual interest and that he starts investing an additional $1,800 a year today and at the beginning of each year for 15 years at the same 7 percent annual rate. How much money will Homer have 15 years from today? The amount of money Homer will have 15 years from now is $ (Round to the nearest cent.)