If you made a 68000 deposit in each bank how much more, Cost Accounting

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If you made a 68000 deposit in each bank how much more

First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually.

If you made a $68,000 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 final answer to 2 decimal places. (e.g., 32.16))

Difference in accounts $

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Cost Accounting: If you made a 68000 deposit in each bank how much more

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