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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

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 $16,000 in each bank, how much more money would you earn from your second city bank account at the end of 11 years

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