In Exercise, sketch a scatter plot and a line graph of the given data.
The maximum yearly contribution to an individual retirement account (IRA) was $3000 in 2003. It changed to $4000 in 2005 and will change to $5000 in 2008. Assuming 3% inflation, however, the picture is somewhat different. The table shows the maximum IRA contribution in fixed 2003 dollars. Let x = 0 correspond to 2000.
Year | Maximum Contribution |
2003 | 3000 |
2004 | 2910 |
2005 | 3764 |
2006 | 3651 |
2007 | 3541 |
2008 | 4294 |
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