Question: ( Compounding using a calculator and annuities due ) Imagine that Homer Simpson actually invested $ 1 0 0 comma 0 0 0 1 0

(Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $100 comma 000100,00055 years ago at a 7.57.5 percent annual interest rate. If he invests an additional $1 comma 5001,500 a year at the beginning of each year for 2020 years at the same 7.57.5 percent annual rate, how much money will Homer have 2020 years from now?

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