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Ronald makes year-end deposit on Bank A of $1000, the first year increasing the years deposits by 10% until the end of the 10 th
Ronald makes year-end deposit on Bank A of $1000, the first year increasing the years deposits by 10% until the end of the 10th year .
He also makes equal deposits at the start of the year on Bank B of $800 each year for 10 years.
If interest on both funds is 9% compounded annually, how much is absolute difference of savings at the end of ten years?
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