Problem

In Exercise, sketch a scatter plot and a line graph of the given data.The maximum yearly c...

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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