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Fifty years ago, your grandparents opened two savings accounts and deposited $500 in each account. The first account was with Morro Bay Bank at 2.0

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Fifty years ago, your grandparents opened two savings accounts and deposited $500 in each account. The first account was with Morro Bay Bank at 2.0 percent, compounded annually. The second account was with Monterey Bay Bank at 2.1 percent, compounded annually. Which one of the following statements is true concerning these accounts? The Morro Bay Bank account is currently worth $1,413.37 O The Morro Bay Bank account has earned $99 more in interest than the Monterrey Bay Bank account. O The Monterrey Bay Bank account has paid $67.58 more in interest than the Morro Bay Bank account. The Monterrey Bay Bank account is currently worth $913.37. The Monterrey Bay Bank account has paid $913.37 more in interest than the Morro Bay Bank account

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