Question: Check my work mode : This shows what is correct or Incorrect for the work you have First City Bank pays 8 percent simple interest

Check my work mode : This shows what is correct or Incorrect for the work you have First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually. 10 points 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.) & Answer is complete but not entirely correct. Difference in 326,246 28 lor 10 Next > fab

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