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First Simple Bank pays 8.7 percent simple interest on is investment accounts.First Complex Bank pays interest on its accounts compounded annualy What rate should the

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First Simple Bank pays 8.7 percent simple interest on is investment accounts.First Complex Bank pays interest on its accounts compounded annualy What rate should the bank set if it wants to match First Simple Bank over an investment horizon of decimal places,.g,32.16.) Interest rate over an investment horizon of B years? (Do not round intermediate calculations and enter your answer as a percent rounded to 2

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