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HW 5.1 Question 1 (of 7) value: 2.00 points First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City
HW 5.1 Question 1 (of 7) value: 2.00 points First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a $57,000 deposit 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.) Difference in accounts References eBook & Resources Worksheet Learning Objective: 05-01 How to determine the future value of an investment made today
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