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Wells Fargo Bank pays 6 percent simple interest on its savings account balances, whereas Bank of America pays 6 percent compounded annually. If you made

Wells Fargo Bank pays 6 percent simple interest on its savings account balances, whereas Bank of America pays 6 percent compounded annually. If you made a $11,914 deposit in each bank, how much more money would you earn from your Bank of America account at the end of 27 years?

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