How much money will homer have 10 years from? today

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Reference no: EM133557876

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?

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Part 1

The amount of money Homer will have 10 years from now is ?$enter your response here.

? (Round to the nearest? cent.)

Reference no: EM133557876

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