Question: The figure shows a graph that compares the future values, at 9% compounded monthly, of an annuity of $50 per month and one of $60
(a) Decide which graph corresponds to which annuity.
(b) Use the graph to estimate (to the nearest 10 months) how long it will be before the larger annuity is $10,000 more than the smaller one.
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2$ 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 time 50 150 250 350 Months %24 Dollars
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a The higher graph corresponds to the annui... View full answer
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