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Bank West pays 10 percent simple interest annually on saving account balances. Bank East pays 10 percent compounded annually. If you save $5,000 in each

Bank West pays 10 percent simple interest annually on saving account balances. Bank East pays 10 percent compounded annually. If you save $5,000 in each bank today, how much more money would you receive at Bank East five years later (at the end of year 5)?

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