Question: Round to the nearest cent (Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $160,000 10 years ago at a 7

Round to the nearest cent (Compounding using a calculator and annuities due) Round to the nearest cent

(Compounding using a calculator and annuities due) Imagine that Homer Simpson actually invested $160,000 10 years ago at a 7 percent annual interest rate. If he now? invests an additional $2,000 a year at the beginning of each year for 10 years at the same 7 percent annual rate, how much money will Homer have 10 years from a. If Homer invested $160,000 10 years ago at a 7 percent annual interest rate, what is the future value of this investment 10 years from now? S(Round to the nearest cent.) b. If Homer invests an additional $2,000 a year at the beginning of each year for 10 years at the same 7 percent annual rate, what is the future value of this investment 10 years from now? (Round to the nearest cent.) c. How much money will Homer have 10 years from now? (Round to the nearest cent.)

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