2 points Save Ans Three years ago, ZXY deposited $1,330 in an account that has earned and will earn 8.70 percent per year in compound interest. If CAB deposits $2,310 in an account toda that earns simple interest, then how much simple interest per year must CAB earn to have the same amount of money in 8 years from today as ZXY will have in 8 years from today? Answer as an annual rate. 10.82% (plus or minus .05 percentage points) 1.53% (plus or minus .05 percentage points) 6.83% (plus or minus .05 percentage points) 5.52% (plus or minus .05 percentage points) None of the above is within .05 percentage points of the correct answer Question 2

Three years ago, 2 deposited $1,330 in an account that has earned and will earn 8.70 percent per year in compound interest if CAB deposits 32,310 in an account tod; from today? Arswer as an arnual rate. 1082% (plus or minus 05 percentage points) 1.53% (plus or minus 05 percertage points) 6.63% (plus or minus 05 peroentage points) 552% (plus or minus 05 percentage poinss) None of the above is within 05 peroentage points of the correct