Question: Melvin Indecision has difficulty deciding whether to put his savings In Mystic Bank or Four Rivers Bank. Mystic offers 10% Interest compounded semiannually. Four Rivers

Melvin Indecision has difficulty deciding whether to put his savings In Mystic Bank or Four Rivers Bank. Mystic offers 10% Interest compounded semiannually. Four Rivers offers 8% interest compounded quarterly. Melvin has $11,800 to Invest. He expects to withdraw the money at the end of 8 years. Calculate interest for each bank and identify which bank gives Melvin the better deal? (Use the Table provided.) (Do not round intermediate calculations. Round your answers to the nearest cent.) Mystic Four Rivers Better deal Interest 100 NOW MDF tons 7. TER 502 TI 1140 1021 a 21 22 10401 2017 22.018 15 TO GELE LP on 12. . LE 12 000 3011 1 1905 06 BLOON GIF WOO 22 DER I WOD 1956 4b SE APOSTER GIRLS CBS 16 Tot CC COM WE KIES THE ES HOMICO LOS 10 LE DOS CS PO BE TELL ME 12990 ws NE PIPE con OF COOL ME SILLE NE OL ROY ANGE host 2 CE PE 177 11 1 CE FOI ER BE FLERE w WA RO WEL 000! SDL SC DIT / 600 10052 IND ra IP CHOC 42 41 40 Creove 2010 GET Port to ORIE 20 160 TOD 7140 16 8054 6710 7640 46164556 4443210 215710142 10000714 12.00 IEEE CE CSE 1 ON FER RAYIP EEEEE CH BR mer 16 204140 1720 WE CM M WW CS kus! Wet CICE 012 OPE 16 0 HAT DO HI 1214 LE ale COS MORE ti 121722 711611 CH w 710 47941 44770 43444 13.00 105 OS GDE ID IDO SELE 199 HE ISME 1312 100 10 CROCS PE 620 8017 KET w 2221110141 2 SIN 2013.00 100 MA 1 256 2012 W3301020452 20 W KOR om 19 1144 LIS 19 20 2200 2004 13161132140011T0.2001 24541a7622 205042126202 102450 KOS 1104 ILEDE 040 75010 70 6.52 1900 WE SCHON BRE CO LEN EP GILET 100 NOTS 361 2570 PORS NA we POE NOMI LONTE 00 OP P90 30014 315 2.23 2.790 NEE OE 22 67250 61410 61 74012 7270 10 5400 505 55400 $1120 7110 POD ES NO IMITA NODE SE PRE IN CHE CORES WISS w KO M INSTEL Wett 1001 M OCE BIER PREMIO HOLA CORES NO ONE WA et le CE2858 LES WERE RECL 8 Spor 15 CTOS SEL 2 NLS DIES DESAR NACE KOD DON LUIS NOV OS OL SIC! OWO 000 120 Acce DOC 4270 30516 165 1.4194 2 27 26215 1222 1106 3.790 200 COME DENE WOTE 47171 3278 CE HORE DOC CHE COM POSE 1967 08 11 18 12 42710 BO CAT SOP CEO LE CE PIE SLOVE LPG TEILE SEE 15 ELOCE 9 ZERE GAME 660 SE ST PRESE AS COSE SCHST ACE GOT ITZ POBE PRE ELLE 6 27524 26104 2018 21101 2005 2.715 2.7157 PLZ DICE SEZ CESI 27190 2575 24000 22522 25040 10072 SZZ 31017 20470 25718 2410 2.2015 21291 1902 10771 702 16550 16 1401 1 2701 21001 HOB 2637 2.1979 2.10 1400161406517222 100111:1250 1156120213440 5050411171179120431211102 4000 1500 220 1200441001486215530 10511046012100 14861 GGIOZ CASSE COOL SH CESE 20010 19172 1895 TO SOCI 1050 17100 1.620 15 10 1 AT 7081 10101 BOSCH enti SCHOSES U SLEDICE SRLOHOL 00! RICE 17122 IPSE 576 1OS T 172 MES 55 15007 14025 1.500 14003 13608 CE PELL ISEEE 1200 17701 16 15037 1998 2793 m 1000 177 14118 2950 101 137 BOJO TA an 100g 14108 120 12005 11010 112M SCHE 12700 12156 15570 1125150 1360 20 10300 11.2 11.104 2205 2065 1005111314177 112 126 127 128 1510100 10451120708 129 13 11001001103021010100 100 100 101 102 FOTO 1080 EI c CE DOLES OR W 100 1000 1104 1.2421 11584 12250 1 10700 TON MICI DHLED ONE 02911 IT IS BA DET 5101 0001 sen WOL CORO TO DO MOUSE NO WON WO Future value interest factor of S1 per period at i% forn periods, FVIFCIn). Future value interest factor of $1 per period at i% forn periods, FVIF(in), VE 55 WO PORE 0001 TO 9 10000 100 1100 0001 DOLCI 3 DI ORZI EL CLE RI 4 1 6001 LI VEL WEI 14110 102 14 TO LES CLOSE DIS I MES TAH 6 7 GO 1 TO E. ws I LES DOCI I . CIVER 1013 18 rod I SUPE 10 11 205 45 1000 10100 10150 000 TOS TE TDD 1600 X 100 10900 tot 1010 10452.082 tot 1077 1412 2010400 100 100 100 11 11510 m 1041 014 10101015 10914 1159 31041 1.6 1021 1101 L 132 13158 104 105 1000041 105111110051210 12001 14001 1004116717711 1500 155 10111111 to 15111 0010 13 1 1 tart.14351 15125 OTT7116102 15157331 1720 12100 137 160 174 15216 170 1024 2022 104120011301015 22102307 2.711 34117 0 209 200 71 BOTE LOZ SEE KEIZERILDI 2 20161 14 15 26 CE LE OEC TT 10 HE M CODEC COMO cer 361 BE VEE HE BE 0 ws ISSUE 1 MOS W HEN WS 361 WORT 20 LES #111 51 DS OS TREP RE EZ 2 Z POILS www KLEUR 05 W WS MELE CE DIRELLI DE SCREW WE ANGEWEZE VOOR MONTERT C SE NA ST CIRCLE E BE LE WE HC To
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