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First city bank pays 8 percent simple interest on its savings account balances, whereas second city bank pays 8 percent interest compounded annually. if you made a $68,000 deposit in each bank, how much
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First city bank pays 8 percent simple interest on its savings account balances, whereas second city bank pays 8 percent interest compounded annually. if you made a $68,000 deposit in each bank, how much more money would you earn from your second city bank account at the end of 8 years?

User Pinoyyid
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You would earn $544000 more
User Vyas Bharghava
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