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Crestline Bank offers 3% simple interest on deposits. Mid City Bank offers 2% interest compounded annually. Jill deposits $3000 in Crestline Bank and Owen deposits $3000 in Mid City Bank. What is the difference in final balances for Jill and Owen at the end of 5 years? A. $177.82 B. $165.58 C. $150.00 D. $137.76

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spraguer (Moderator)
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