​(Related to Checkpoint​ 6.1) ​ (Future value of an​ annuity) Imagine that Homer Simpson actually invested the ​$130000 he earned providing Mr. Burns entertainment 10 years ago at 8 percent annual interest and that he starts investing an additional ​$2200 a year today and at the beginning of each year for10 years at the same 8 percent annual rate. How much money will Homer have 20 years from​ today?

Q&A Education