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Eleven years ago, Chad invested $9,000. Six years ago, Allison invested $16,400. Today, both Chad's and Allison's investments are each worth $2,400. Assume that both

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Eleven years ago, Chad invested $9,000. Six years ago, Allison invested $16,400. Today, both Chad's and Allison's investments are each worth $2,400. Assume that both Chad and Allison continue to earn their respective rates of return. Which one of the following statements is correct concerning these investments? Alliton c rate of 37 percent O Chad has earned an average annual interest rate of 6.01 percent. Three years from today. Allison's investment will be worth more than Chad's. 9 One year ago. Chad's investment was worth less than Allison's investment. Allison earns a higher rate of return than Chad

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