Question
A. Simplicity Bank pays 7 percent simple interest on its savings account balances, whereas Smart Bank pays 8 percent interest compounded annually. If you made
A. Simplicity Bank pays 7 percent simple interest on its savings account balances, whereas Smart Bank pays 8 percent interest compounded annually. If you made a $8,000 deposit in each bank, how much more money would you earn from Smart Bank account at the end of 10 years?
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
