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What is dollar amount difference between two bank account

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Problem 1: Morrill Bank is offering a 2.7% compounded annually, savings account guaranteed for three years. Scottsbluff Bank is offering a 1.9% compounded monthly savings account for 2 years. Which bank would yield the most on a principal of $500.00? What is the dollar amount difference between the two bank accounts?

Reference no: EM132736313

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