First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually. If you made a deposit of $7,900 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.) For each of the following, compute the future value: (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) PV N I/Y FV $2,960 7 13% $7,846 16 7% $85,381 19 9% $221,614 26 5% For each of the following, compute the present value: (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) FV N I/Y PV $19,415 15 7% $47,382 11% $312,176 10% $629,381 13% 8 13 25 Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16; enter the percentage as a percentage excluding the % sign, not as a decimal.) PV N FV IY $715 9 $1,381 $905 $1,718 $15,000 $141,832 $70,300 $312,815 12 26 15 Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) PV IY FV N $195 8% $873 $2,105 11% $3,500 $47,800 10% $326,500 $38,650 10% $213,380