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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.) Years

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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.) Years Future Value Present Value S 2,600 Interest Rate 17% 7 9,553 20 9 14 10 100,305 238,382 30 4 First City Bank pays 5 percent simple interest on its savings account balances, whereas Second City Bank pays 5 percent interest compounded annually. If you made a deposit of $13,500 in each bank, how much more money would you earn from your Second City Bank account at the end of 11 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference

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