One year ago, ZXY deposited $1,340 in an account that has earned and will earn 14.10 percent per year in compound interest. If CAB deposits $4.770 in an account today that earns simple interest, then how much simple interest per year must CAB earn to have the same amount of money in 11 years from today as ZXY will have in 11 years from today? Answer as an annual rate. 3.34% (plus or minus 05 percentage points) 8.34% (plus or minus .05 percentage points) 9.88% (plus or minus 05 percentage points) 1.81% (plus or minus .05 percentage points) None of the above is within .05 percentage points of the correct answer Four years ago, Raymond invested $9,500.00. Today, he has $13,200.00. If Raymond earns the same annual rate implied from the past and current values of his invsetment. then in how many years from today does he expect to have exactly $26,800.00 8.61 years (plus or minus 0.05 years) 7.24 years (plus or minus 0.05 years) 11.67 years (plus or minus 0.05 years) 12.61 years (plus or minus 0.05 years) None of the above is within 05 percentage points of the correct