Question: Problem 4-21 Calculating Future Values (LO 1] You have $5,200 to deposit. Regency Bank offers 9 percent per year compounded monthly (.75 percent per month),

Problem 4-21 Calculating Future Values (LO 1] You have $5,200 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 17 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

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