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Bank A pays 8.0% simple interest on its saving account balances, whereas Bank B pays 8.0% interest compounded annually. If you made a $30000 deposit
Bank A pays 8.0% simple interest on its saving account balances, whereas Bank B pays 8.0% interest compounded annually. If you made a $30000 deposit in each bank, how much more money would you earn from your Bank B account at the end of 10 years? You earned extra $ more from Bank B as compared to Bank A. (Round to the nearest cent.)
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