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Compound and simple interest. Bank of Kitsilano pays 2% simple interest on its savings account balances, whereas Bank of Burnaby pays 1.9% interest compounded annually.

Compound and simple interest. Bank of Kitsilano pays 2% simple interest on its savings account balances, whereas Bank of Burnaby pays 1.9% interest compounded annually. If you made a $10,000 deposit in each bank, which bank will bring you more money and by how much in the end of 11 years? how to solve in excel

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