First City Bank pays 1.3 percent simple interest on its savings account balances, whereas Second City Bank pays 6.8 percent interest compounded annually.
If you made a $536 deposit in each bank, how much more would the Second City Bank account be worth than the First City Bank account at the end of 5 years?
(Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign and commas in your response. For example, $123,456 should be entered as 123456.)