The future value in thousands of dollars of an annuity with a monthly payment of $575 and an annual returns of 3.4%, 5.8% and 2.2% over a number of months follows. 320 280- 240- 200- 160 120 80 40- 36 72 108 144 180 216 252 288 324 360 Match the rate with its color. 5.8 2.2 3.4 a. blue b. green c. purple

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.4: Mathematics Of Finance
Problem 16E
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The future value in thousands of dollars of an annuity with a monthly payment of $575 and an
annual returns of 3.4%, 5.8% and 2.2% over a number of months follows.
320-
280-
240-
200
160-
120-
80
40-
36 72 108 144 180 216 252 288 324 360
Match the rate with its color.
5.8
2.2
3.4
a. blue
b. green
c. purple
Transcribed Image Text:The future value in thousands of dollars of an annuity with a monthly payment of $575 and an annual returns of 3.4%, 5.8% and 2.2% over a number of months follows. 320- 280- 240- 200 160- 120- 80 40- 36 72 108 144 180 216 252 288 324 360 Match the rate with its color. 5.8 2.2 3.4 a. blue b. green c. purple
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