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ABC Bank pays 4 percent simple interest on its savings account balances. The DEF bank...

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Finance

ABC Bank pays 4 percent simple interest on its savings account balances. The DEF bank pays 4 percent interest compounded annually. If you deposit $15,000 in each bank, how much in interest would you have earned from each bank at the end of 12 years?

Note: Do not round intermediate calculations; round your answer to 2 decimal places, e.g., 32.16.

ABC Bank: $

DEF Bank: $

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