Question: Problem 4-21 Calculating Future Values Lo You have $7,600 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 0 percent per month),

Problem 4-21 Calculating Future Values Lo You have $7,600 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 0 percent per month), while King Bank offers 12 percent bult will only compound annually How much will your investment be worth in 16 yoars at each Bank? (Do not round Intermediate caleulations and round your answers to 2 decimal places, eo. 32 10) Regency Bank King Bank

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