First City Bank pays 9 per cent simple interest on its savings account balances, whereas...
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Accounting
First City Bank pays 9 per cent simple interest on its savings account balances, whereas Second City Bank pays 9 per cent interest compounded annually. Required: If you made a 11,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 0.1%. Do not round your intermediate values.) K The difference between two deposits + inces
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