Question: * (Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $170,000 9 years ago at a 13 percent annual interest rate.
* (Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $170,000 9 years ago at a 13 percent annual interest rate. If he invests an additional $2,200 a year at the beginning of each year for 5 years at the same 13 percent annual rate, how much money will Homer have 5 years from now? a. Homer invested $170,000 9 years ago at a 13 percent annual interest rate, what is the future value of this investment 5 years from now? (Round to the nearest cent.) b. If Homer Invents an additional $2.200 a year at the beginning of each year for 6 years at the same 13 percent annual roto, what is the future value of the investment 5 years from now? (Round to the nearest cont.) c. How much money will Homer have 5 years from now? (Round to the nearest cont.)
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