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First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually, 8. If you made a deposit of $14,500 in First City Bank, what would be your balance at the end of 9 years? Select one: a. Less than $20,000 b. $20,000 to $22,000 c. More than $26,000 d. $24,000 to $26,000 e. $22,000 to $24,000 Clear my choice 9. If you made a deposit of $14,500 in Second City Bank, what would be your balance at the end of 9 years? Select one: a. $24,000 to $26,000 b. Less than $20,000 c. $20,000 to $22,000 d. $22,000 to $24,000 e. More than $26,000