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Third City Bank pays 12,16% with simple interest on its savings accounts, while Fourth City Bank pays 12.16% but with compound interest paid quarterly (both

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Third City Bank pays 12,16% with simple interest on its savings accounts, while Fourth City Bank pays 12.16% but with compound interest paid quarterly (both rates are APR) If you made a deposit of $17,000 into Third City Bank, and a deposit of $26,800 Into Fourth City Bank, and were invested for eleven years. Which of the following is correct about the amount of interest earned? You would have $50,551.15 more in interest for your Fourth City Bank account. You would have $94,700.62 less in interest for your Third City Bank account. You would have $60,351.15 more in interest for your Fourth City Bank account. You would have $13,108.48 less in interest for your Fourth City Bank account. You would have $74,994.65 more in interest for your Fourth City Bank account You would have $49.218.55 more in interest for your Fourth City Bank account. You would have $77.351.15 less in interest for your Third City Bank account. You would have $45161.42 more in interest for your Fourth City Bank account You would have $4075115 more in interest for your Fourth City Bank account

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