Four years ago, ZYX deposited $350 in an account that has earned and will earn 10.60 percent per year in compound interest. If BCA deposits $720 in an account in 2 years from today that earns simple interest, then how much simple interest per year must BCA earn to have the same amount of money in 8 years from today as ZYX will have in 8 years from today? Answer as an annual rate.

		10.48% (plus or minus .05 percentage points)
		1.10% (plus or minus .05 percentage points)
		1.47% (plus or minus .05 percentage points)
		19.04% (plus or minus .05 percentage points)
		None of the above is within .05 percentage points of the correct answer