Question: please use the table below Melvin indecision has difficulty deciding whether to put his savings in Mystic Bank or Four Rivers Bank. Mystic offers 20%

please use the table below please use the table below Melvin indecision has difficulty deciding whether

$offers 20\% interest compounded semiannually. Four Rivers offers 12% interest compounded quarterly.$

Melvin indecision has difficulty deciding whether to put his savings in Mystic Bank or Four Rivers Bank. Mystic offers 20\% interest compounded semiannually. Four Rivers offers 12% interest compounded quarterly. Melvin has $12,300 to invest. He expects to withdraw the money at the end of 6 years. Calculate interest for each bank and identify which bank gives Melvin the better deal? (Use the Table provided.) Note: Do not round intermediate calculations. Round your answers to the nearest cent. ature value interest factor of $1 ner neriod at i% for n neriods FVIF (in)

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