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XYZ just deposited $3,500 in an account that will earn 6.2 percent per year in compound...

XYZ just deposited $3,500 in an account that will earn 6.2 percent per year in compound interest for 8 years. If Jelena deposits $4,000 in an account in 2 years that earns simple interest, then how much simple interest per year must Jelena earn to have the same amount of money in 8 years from today as XYZ will have in 8 years from today?

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