Three years ago, ZYX deposited $2,030 in an account that has earned and will earn 9.80 percent per year in compound interest. If CAB deposits $4,230 in an account in 2 years from today that earns simple interest, then how much simple interest per year must CAB earn to have the same amount of money in 12 years from today as ZYX will have in 12 years from today? Answer as an annual rate. 3.95% (plus or minus .05 percentage points) 14.71% (plus or minus .05 percentage points) 9.51% (plus or minus .05 percentage points) 4.74% (plus or minus .05 percentage points) None of the above is within .05 percentage points of the correct answer QUESTION 2 Two years ago, Kevin invested $9,400.00. Today, he has $10,800.00. If Kevin 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 $40,700.00 19.11 years (plus or minus 0.05 years) 21.11 years (plus or minus 0.05 years) 13.91 years (plus or minus 0.05 years) 29.07 years (plus or minus 0.05 years) None of the above is within .05 percentage points of the correct