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9 December, 17:38

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?

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  1. 9 December, 19:12
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    You would earn $544000 more
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