Eleven years ago, Chad invested $9,000.  Six years ago, Allison invested $16,400. Today, both Chad’s

and Allison’s investments are each worth $2,400. Assume that both Chad and Allison continue to earn their respective rates of return. Which one of the following statements is correct concerning these investments? <table><tbody><tr><td> </td> <td> </td> <td> Allison has earned an average annual interest rate of 3.37 percent. </td> </tr><tr><td> </td> <td> </td> <td> Chad has earned an average annual interest rate of 6.01 percent. </td> </tr><tr><td> </td> <td> </td> <td> Three years from today, Allison’s investment will be worth more than Chad’s. </td> </tr><tr><td> </td> <td> </td> <td> One year ago, Chad’s investment was worth less than Allison’s investment. </td> </tr><tr><td> </td> <td> </td> <td> Allison earns a higher rate of return than Chad. </td> </tr></tbody></table>

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