Question content area top Part 1 ​(Related to Checkpoint​ 6.1) ​ (Future value of an​ annuity)  Imagine that Homer Simpson actually invested the ​$   160,000 he earned providing Mr. Burns entertainment   10 years ago at   11 percent annual interest and that he starts investing an additional ​$   1,800 a year today and at the beginning of each year for   15 years at the same   11 percent annual rate.  How much money will Homer have   15 years from​ today?           Question content area bottom Part 1 The amount of money Homer will have   15 years from now is ​$   enter your response here . ​ (Round to the nearest​ cent.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question content area top

Part 1

​(Related to Checkpoint​ 6.1) ​ (Future value of an​ annuity)  Imagine that Homer Simpson actually invested the ​$

 

160,000 he earned providing Mr. Burns entertainment

 

10 years ago at

 

11 percent annual interest and that he starts investing an additional ​$

 

1,800 a year today and at the beginning of each year for

 

15 years at the same

 

11 percent annual rate.  How much money will Homer have

 

15 years from​ today?

 

 

 

 

 

Question content area bottom

Part 1

The amount of money Homer will have

 

15 years from now is ​$

 

enter your response here

. ​ (Round to the nearest​ cent.)

 

 

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