Question: Problem 4 - 2 1 Calculating Future Values [ LO 1 ] You have $ 6 , 7 0 0 to deposit. Regency Bank offers

Problem 4-21 Calculating Future Values [LO 1]
You have $6,700 to deposit. Regency Bank offers 9 percent per year compounded monthly (75 percent per month), while King Bank
offers 9 percent but will only compound annually. How much will your investment be worth in 16 years at each bank?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Problem 4-21 Calculating Future Values [LO 1] You have $6,700 to

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