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Joseph is a fis i d yours. He has plenty of money but litte financial sense. He recelved a gitt of $20,000 for his recent

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Joseph is a fis i d yours. He has plenty of money but litte financial sense. He recelved a gitt of $20,000 for his recent graduation and is looking for a bank in which to deposit the funde. Partneis fevengs Bark offers an account wht an anoual interest rale of 3.75% compounded seeniannually, while Setwyn's offers an account with a 4.00% annual interest rate compounded co. nyously. Calculate the value of the two accounts at the end of cone year, and recommend to Joseph which account he should choose The future value, FV, of the $20,000 depost with the Parthere' Savings Bark is 1 (Round to the nearest cent.) The future value, FV , of the $20.000 deposif with the Selimy Savings Bank is $ (Round to the nearest cente) Which bank ahould Joseph choose? (Finlect the best answer below.) A. Partuers' Savings Bank B. Selwyn Savings Bank

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