Question: You have $ 5 , 2 0 0 to deposit. Regency Bank offers 9 percent per year compounded monthly ( 7 5 percent per month

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?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
\table[[Regency Bank,],[King Bank,]]
 You have $5,200 to deposit. Regency Bank offers 9 percent per

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