Question: Compounding using a calculator and annuities due ) Imagine that Homer Simpson actually invested $ 1 0 0 comma 0 0 0 5 years ago

Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $100 comma 0005 years ago at a 7.5 percent annual interest rate. If he invests an additional $1 comma 500 a year 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 now?
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Part 1
a. If Homer invested $100 comma 0005 years ago at a 7.5 percent annual interest rate, what is the future value of this investment 20 years from now?
$
enter your response here (Round to the nearest cent.)

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