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First City bank pays 5% simple interest on its savings account balances, where as Second City bank pays 5% interest compounded annually. If you deposit
First City bank pays 5% simple interest on its savings account balances, where as Second City bank pays 5% interest compounded annually. If you deposit $6,000 into each bank, how much more money would you earn from Second City Bank account after 10 years? (Round to 2 decimals)
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
