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Al deposits $1,000 in a fund earning interest at an annual effective rate of 5%. Beth deposits $1,000 in a fund earning simple interest at

Al deposits $1,000 in a fund earning interest at an annual effective rate of 5%. Beth deposits $1,000 in a fund earning simple interest at an annual rate of s.

During the 5th year, Beth and Al earn the same amount of interest. Determine s.

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