Question: Imagine that Homer Simpson actually invested the 100 000 he earned
Imagine that Homer Simpson actually invested the $100,000 he earned providing Mr. Burns entertainment five years ago at 7.5 percent annual interest and that he starts investing an additional $1,500 a year today and at the beginning of each year for 20 years at the same 7.5 percent annual rate. How much money will Homer have 20 years from today?
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