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Bank on Vancouver Pays 7% simple interest on its savings account balances, whereas bank of Calgary pays 7% interest compounded annually. If you made $6,000
Bank on Vancouver Pays 7% simple interest on its savings account balances, whereas bank of Calgary pays 7% interest compounded annually. If you made $6,000 deposit in each bank, how much more money would you earn from your Bank of Calgary account at the end of nine years?
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