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b) Equity Bank pays 7% simple interest on its savings account balances, whereas Development Bank pays 7% interest compounded annually. If you made a $6,000

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b) Equity Bank pays 7% simple interest on its savings account balances, whereas Development Bank pays 7% interest compounded annually. If you made a $6,000 deposit in each bank, how much more money would you earn from your Development Bank account at the end of 9 years

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