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First City Bank pays 7 . 2 percent simple interest on its savings account balances, whereas Second City Bank pays 7 . 2 percent interest
First City Bank pays percent simple interest on its savings account balances, whereas Second City Bank pays percent interest
compounded annually. If you made a deposit of $ in each bank, how much more money would you earn from your Second City
Bank account at the end of eight years?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Difference in accounts
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