Homer have right after he has made his last payment

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Reference no: EM131924667

Homer Simpson invested $100,000 at 7% annual interest 6 years ago and starts investing an additional $2,500 a year today at the beginning of each year for 20 years at the same 7% annual rate. How much money will Homer have right after he has made his last payment? Please post the steps :) the answer is 645,232.0122

No excel please.

Reference no: EM131924667

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