Question: Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate

Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate compounded quarterly while Four Rivers offers 14% compounded semiannually. Jane has $40,000 to invest and expects to withdraw the money at the end of 5 years. (Use the tables in the textbook or handbook) The best deal is: Four Rivers. Four Rivers for the first 2 years. Mystic Mystic for the last 2 years

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