Discuss the similarities and differences in the graphs of future value A as a function of time t for loans of $400, $800, and $1,200, respectively, each at 7.5% simple interest (see the figure).

Transcribed Image Text:

A 2,000 A = 1,200(1 + 0.075t) 1,800 1,600 A = 800(1 + 0.075t) 1,400 1,200 1,000 800 A = 400(1 + 0.075t) 600 400 200 2 3 4 5 6 7 8. Time (years) Future value ($)