You have $5,800 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per

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You have $5,800 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 26, 2019 09:30 AM

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You have $5,800 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per

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Essentials of Corporate Finance

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