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Second City Bank pays 9 percent simple interest on its savings account balances, whereas Third City Bank pays 9 percent interest compounded annually. If you

Second City Bank pays

9

percent simple interest on its savings account balances, whereas

Third City Bank pays

9

percent interest compounded annually. If you made a deposit of

7, 500

in each bank, how much more money would you earn from your Third City Bank

account at the end of eight years?

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