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First Simple Bank pays 9.9 percent simple interest on investment accounts. First Complex Bank pays Interest on its biocounts compounded annually What rate should the

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First Simple Bank pays 9.9 percent simple interest on investment accounts. First Complex Bank pays Interest on its biocounts compounded annually What rate should the bank set it wants to match First Simple Bank over an investment horizon of 6 years? (Do not round Intermediate calculations and enter your answer as a per decimal places, g. 32.16.) Interest rate

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