Questions and Problems 1. Ahaura State Bank pays 6.5% simple interest on its savings account balances, whereas First Wellington Bank pays 6.5% interest compounded annually. If you made a $10 000 deposit in each bank, how much more money would you earn from your First Wellington Bank account at the end of 10 years? L04.1 2. Calculating Future Values. For each of the following, compute the future value: LO 4.1 Future value Present value Years $5 510 14 790 156 280 397 920 Interest rate 12.7% 10 30 10 36