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Imagine that Homer Simpson actually invested the
?$200,000 he earned providing Mr. Burns entertainment 8
years ago at 8 percent annual interest and that he starts investing an additional $2,200 a year today and at the beginning of each year for
10 years at the same 8 percent annual rate. How much money will Homer have 10 years from? today?
Question content area bottom
Part 1
The amount of money Homer will have 10 years from now is ?$enter your response here.
? (Round to the nearest? cent.)
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