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How much money will homer have five years from today

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Question - Imagine that Homer Simpson actually invested the $180,000 he earned providing Mr. Burns entertainment 6 years ago at 7.5 percent annual interest and that he starts investing an additional $2,500 a year today and at the beginning of each year for 5 years at the same 7.5 percent annual rate. How much money will Homer have 5 years from today?

Reference no: EM133057671

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