fProblem 4-21 Calculating Future Values [LO 1] 1 You have $6,500 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank offers 15 percent but will only compound annually. 6 points 01:59:33 How much will your investment be worth in 18 years at each Bank? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Regency Bank King Bank Investment value $ $

Problem 4-21 Calculating Future Values [LO 1] You have $6,500 to deposit. Regency Bank olters 15 percent pet yeat coenpounded monthy (1.25 percent per monthk while king Bonk offers 15 percent but will only compound annuslly How much will your investment be worth in 18 years at each Bank? (Do not round intermediate caleulations and round your answers to 2 decimal places, e.9 . 32.16 .)