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Three years ago, ZXY deposited $1,330 in an account that has earned and will earn 8.70 percent per year in compound interest. If CAB deposits

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Three years ago, ZXY deposited $1,330 in an account that has earned and will earn 8.70 percent per year in compound interest. If CAB deposits $2,310 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 8 years from today as ZXY will have in 8 years from today? Answer as an annual rate. 10.82% (plus or minus .05 percentage points) 1.53% (plus or minus, 05 percentage points) 6.83% (plus or minus 05 percentage points) 5.52% (plus or minus .05 percentage points) None of the above is within 05 percentage points of the correct answer Three years ago, ZXY deposited $1,330 in an account that has earned and will earn 8.70 percent per year in compound interest. If CAB deposits $2,310 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 8 years from today as ZXY will have in 8 years from today? Answer as an annual rate. 10.82% (plus or minus .05 percentage points) 1.53% (plus or minus, 05 percentage points) 6.83% (plus or minus 05 percentage points) 5.52% (plus or minus .05 percentage points) None of the above is within 05 percentage points of the correct

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