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Two years ago, Joseph invested $ 1 , 6 2 0 . 0 0 . He has earned and will earn compound interest of 8

Two years ago, Joseph invested $1,620.00. He has earned and will earn compound interest of 8.03 percent per year. If William invests $1,690.00 in 1 year from today and earns simple interest, then how much simple interest per year must William earn to have the same amount of money in 6 years from today as Joseph will have in 6 years from today? Answer as an annual rate. A rate equal to or groator than 56.33% but less than 57.87% A rate equal to or greater than 15.98% but less than 16.75% A rate less than 15.98% or a rate greater than 57.87% A rate equal to or greater than 16.75% but less than 36.33% A rate equal to or greater than 36.33% but less than 56.33%

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