5.

XYZ just deposited $3,700 in an account that will earn 6.1 percent per year in compound interest for 9 years. If Svetlana deposits $4,000 in an account in 2 years that earns simple interest, then how much simple interest per year must Svetlana earn to have the same amount of money in 9 years from today as XYZ will have in 9 years from today?

a.

8.23% (plus or minus .02 percentage points)

b.

6.40% (plus or minus .02 percentage points)

c.

6.72% (plus or minus .02 percentage points)

d.

8.90% (plus or minus .02 percentage points)

e.

None of the above is within .02 percentage points of the correct answer