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First Simple Bank pays 83 percent simple interest on its investment accounts. First Complex Bank pays interest on its accounts compounded annually. What rate should

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First Simple Bank pays 83 percent simple interest on its investment accounts. First Complex Bank pays interest on its accounts compounded annually. What rate should First Complex Bonk set if it wonts to match First Simple Bank over an investment horizon of 13 years? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16

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