The Following Figure Shows a Graph That Compares the Present

question 102

Multiple Choice

The following figure shows a graph that compares the present values of two ordinary annuities of $800 quarterly as functions of the number of quarters. One annuity is at an annual rate of 6% compounded quarterly, and the other is at an annual rate of 9% compounded quarterly. Use the graph below to estimate the difference between the present values of these annuities for 25 years (100 quarters) . ​
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• A) $36,000
• B) $4,800
• C) $30,000
• D) $125
• E) $9,586