Question: Ch 4 Homework Problems i 1 10 points Saved Help Save & Exit Submit Check my work First City Bank pays 5 percent simple

Ch 4 Homework Problems i 1 10 points Saved Help Save &

Ch 4 Homework Problems i 1 10 points Saved Help Save & Exit Submit Check my work First City Bank pays 5 percent simple interest on its savings account balances, whereas Second City Bank pays 5 percent interest compounded annually. If you made a deposit of $9,500 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Difference eBook Hint References

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