Two years ago, Lee deposited $1640in an account that has earned and will earn 12.70=...
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Finance
Two years ago, Lee deposited $1640in an account that has earned and will earn 12.70= per year in compound interest. If Dan deposits $3240 in an account today that earns simple interest then how much simple interest per year much Dan earn to have the same amount of money in 6 years from today as Lee will have in 6 years from today? Answer as an annual rate
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