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first city bank pays 5 percent simple interest on its savings accounts. whereas second city bank pays 5 percent interest compounded annually. if you make

first city bank pays 5 percent simple interest on its savings accounts. whereas second city bank pays 5 percent interest compounded annually. if you make a deposit of $17500 in each bank , how much more money would you earn from your second city bank account at the end of 8 years

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