Problem 4.01 – First City Bank


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First City pays simple interest. Second City pays compound interest. Calculate the difference.

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  • Search Terms: $, (do . ..) a account and annually. annually. if answer at balances, bank bank, calculations city compound compounded decimal deposit e.g., each earn end first from how if in interest intermediate its made money more much not of on pays percent places, round savings second simple the to versus whereas would years? years? first you your
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