Question: Anna has difficulty deciding whether to put her savings into Mystic Bank or Four Rivers Bank. Mystic offers 1% interest compounded monthly while Four Rivers

Anna has difficulty deciding whether to put her savings into Mystic Bank or Four Rivers Bank. Mystic offers 1% interest compounded monthly while Four Rivers offers 1.25% compounded quarterly. She expects to deposit $10,000 today, leave it alone for 4 years and get the better return on her investment. What is the total amount that would be in each bank at the end of the 4 years?

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