ast cuss the similarities and the differences in the graphs of future value A as a function of timet if $1,000 is invested for 8 years and interest is compounded monthly at annual rates of 4%, 8%, and 12%, respectively (see the figure below.) The similarities are that all the graphs start at and show A The difference is the rate at which the values of A which depends on the value of the 3.000-1A 2,600 9 2.2004 Future Value ($) 8% 1,8007 1,400 1,000 68 Time (years) Discuss the similarities and the differences in the graphs of future value A as a function of time t if $1,000 is invested for 8 years and interest is compounded monthly at annual rates of 4%, 8%, and 12%, respectively (see the figure below.) and show A The difference is the rate at which the values of The similarities are that all the graphs start at which depends on the value of the 3.000A lo 2,600 2,2007 Future Value ($) 9 % 1,800 4% 1,400-4 ------- 1,000-L Time (years)