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Auckland Bank pays 5 percent simple interest annually on saving account balances. Wellington bank pays 5 percent compounded annually. If you save $2500 in each

Auckland Bank pays 5 percent simple interest annually on saving account balances. Wellington bank pays 5 percent compounded annually. If you save $2500 in each bank today, how much more money would you receive at Wellington bank five years later (at the end of year 5)?

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