I do not get why for part a the account balance uses (F/P,i,N) instead of excel fucntion -FV(6.591%,6,10000) because if you use -FV(6.591%,6,10000) you get 70799 for bank A not 14666.

1. Competing banks are offering the following tabled rates and interest payment. a. If an investor had $10,000 available for deposit today, what is the account balance at the end of 6 years. b. What is the annual equivalent compound effective interest rate for each bank deposit based on the total interest earned for the deposit period? ( 15 nnintel 1. Competing banks are offering the following tabled rates and interest payment. a. If an investor had $10,000 available for deposit today, what is the account balance at the end of 6 years. b. What is the annual equivalent compound effective interest rate for each bank deposit based on the total interest earned for the deposit period? ( 15 nnintel