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First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you

First City Bank pays 6 percent simple interest on its savings account balances, whereas
Second City Bank pays 6 percent interest compounded annually. If you made a deposit
of $60,000 in each bank, how much more money would you earn from your Second City
Bank account at the end of 10 years? (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g.,32.16.)
Q)( THIS PART IS EMERGENCY NEEDED) Difference in accounts
For each of the following, compute the future value: (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,32.16.)
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