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Assignment 2 First City Bank pays 8 percent simple Interest on its savings account balances,...

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Assignment 2 First City Bank pays 8 percent simple Interest on its savings account balances, whereas Second City Bank pays 8 percent Interest compounded annually. 10 polnts If you made a $58,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16,) Difference in accounts 326,246 2 Print Prey 1 of 10 Next 20 4

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