First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank

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First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually.

If you made a $64,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jun 29, 2018 11:30 AM

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First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank

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Fundamentals of corporate finance

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