(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $130,000 he ea
Posted: Wed Jul 06, 2022 6:45 pm
(Related to Checkpoint 6.1) (Future value of an annuity) Imagine that Homer Simpson actually invested the $130,000 he earned providing Mr. Burns entertainment 10 years ago at 9 percent annual interest and that he starts investing an additional $2,400 a year today and at the beginning of each year for 15 years at the same 9 percent annual rate. How much money will Homer have 15 years from today?