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First City Bank pays 5 percent simple interest on its savings account balances, Second City Bank pays 5 percent interest compounded annually. If you
First City Bank pays 5 percent simple interest on its savings account balances, Second City Bank pays 5 percent interest compounded annually. If you made a deposit of $13,500 in each bank, how much more money would > from your Second City Bank account at the end of 11 years? (Do not round inter calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference
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