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First City Bank pays 8 percent simple interest on its savings account balances whereas Second City Bank pays a percent interest compounded annually. It you

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First City Bank pays 8 percent simple interest on its savings account balances whereas Second City Bank pays a percent interest compounded annually. It you made a deposit or $12, 500 in each bank now much more money would you earn from your Second City Bank account at the end of 8 years? Difference $

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