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Three years ago, ZYX deposited $860 in an account that has earned and will earn 6.50 percent per year in compound interest. If CBA deposits

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Three years ago, ZYX deposited $860 in an account that has earned and will earn 6.50 percent per year in compound interest. If CBA deposits $840 in an account in 1 year from today that earns simple interest, then how much simple interest per year must CBA earn to have the same amount of money in 6 years from today as ZYX will have in 6 years from today? Answer as an annual rate. O 9.88% (plus or minus .05 percentage points) O 8.23% (plus or minus .05 percentage points) O 15.61% (plus or minus .05 percentage points) O 16.09% (plus or minus .05 percentage points) O None of the above is within .05 percentage points of the correct

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