Discuss the similarities and differences in the graphs of future value A as a function of time

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Discuss the similarities and differences in the graphs of future value A as a function of time t if $1,000 is invested at simple interest at rates of 4%, 8%, and 12%, respectively (see the figure).

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 12:38 AM

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Discuss the similarities and differences in the graphs of future value A as a function of time

Question:

A A = 1,000(1 + 0.12t) 2,000 1,800 A = 1,000(1 + 0.08t) A 1,600 1,400 A = 1,000(1 + 0.04t) 1,200 1,000 800 600 400 200 0 1 2 3 4 5 6 Time (years) 7 8 Future value

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

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