Melvin Indecision has difficulty deciding whether to put his savings in Mystic Bank or Four Rivers Bank. Mystic offers $8\%$ interest

compounded semiannually. Four Rivers offers $6\%$ interest compounded quarterly. Melvin has $$11,700$ to invest. He expects to withdraw

the money at the end of $7$ years.

Calculate interest for each bank and identify which bank gives Melvin the better deal? $($Use the Table provided.$)$

Note: Do not round intermediate calculations. Round your answers to the nearest cent.