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One bank will pay you 3.8% interest compounded annually. If you invest $1000 today, what simple interest rate would you need to earn at a

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One bank will pay you 3.8% interest compounded annually. If you invest $1000 today, what simple interest rate would you need to earn at a competing bank to have the same amount of money in 9 years? Please enter your answer as a percentage to one decimal without a % sign

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