O CULILLLILITI Homework Saved Help Save & Melvin Indecision has difficulty deciding whether to put his savings in Mystic Bank or Four Rivers Bank. Mystic offers 20% interest compounded semiannually. Four Rivers offers 12% interest compounded quarterly. Melvin has $12,300 to invest. He expects to withdraw the money at the end of 6 years. Calculate interest for each bank and identify which bank gives Melvin the better deal? (Use the Table provided.) (Do not round intermediate calculations. Round your answers to the nearest cent.) Mystic Four Rivers Better deal Mystic Bank Interest : o e to search e wil 9 9.59 1.00 1.19 1.3 1.43 1.5. 1.7 1.88 2.04 22: 24 27 29: 328 3.58 3.90 422 4.67 5.60 6.14 6.72 736 Future value interest factor of $1 per period at i% for n periods, FVIF(in). Period 0.5% 10% 1.5% 20% 25% 3.0% 2.5% 40% 1.0050 45% 1.0100 10150 1.02001.0250 5.0% 5.5% 1.0300 6.0% 6.5% 1.0350 1.0400 70% 1.0450 7,5% 8.0% 1.0500 1.0100 1.0201 1.0302 10404 1.0550 10300 10850 1.0506 1.08091.0712 1.0816 1.0700 1.0750 1,0920 1.1025 1.0800 1.0151 1.0303 1.0457 1.0612 1.1130 1.1236 1.1342 1.0769 1.0927 1.1449 11087 1.1249 1.1558 1.1412 1.1576 1.1864 1.0202 1.0406 1.0614 1.1742 1.1910 1.2079 1.0824 1.1038 1.1255 1 2250 1.2423 1.1699 1.1475 1.1925 1.2597 1.2155 5 1.0253 12388 1.2625 1.0510 1.0773 1.1041 1.2885 1.1314 1.1593 1.3108 1.1877 12167 1 2482 1.3355 1.3805 1.2783 1.3070 1.3382 1.0304 1.0615 1.0934 1.1262 1.3701 1.4028 1.1597 1.1941 1.4358 1.4893 1.2293 1.2653 1.3023 1.3401 1.3788 1.4185 1.4591 1.0355 1.0721 1.1098 1.1487 1.5007 1.1887 1.5433 1.5869 1.2299 12723 1.3159 1.3609 1.4071 1.45471 1,5036 15036 1.5540 1.0407 1.0829 1.1285 1.6058 1.1717 1.2184 1.2668 1.6590 1.3168 1.7138 1.3686 1.4221 1.4775 1.5347 1.5938 1.6550 1.0459 1.0937 1.1434 1.1951 1.2489 1.3048 1.7182 1.7835 1.8509 1.3629 1.4233 1.4861 1.5513 1.6191 1.6895 1.7826 1.8385 10 1.0511 1.1046 1.1605 1.2190 1.9172 1.9990 1.2801 1.3439 1.410614802 1.5530 1.6289 1.7081 1.7908 1,8771 1.9672 11 20610 2.1589 1.0564 1.1157 1.1779 1.2434 13121 1.3842 1.4600 15395 1.6229 1.7103 1.8021 1.8963 1.9992 2.1049 22156 2.3316 12 1.0617 1.1268 1.1956 1.2682 1.3449 1.4258 1.5111 1.6010 1.6959 1.7959 1.9012 2.0122 2129122522 23818 2.5182 13 1.0670 1.138112138 1.2938 1.3785 1.4885 1.5640 1.6651 1.7722 1.8856 2.0058 2.1329 2.2675 2.4098 25804 2.7196 14 1.0723 1.1495 1.2318 1.3195 1.4130 15126 1.6187 1.7317 1.8519 1.9799 2.1161 22609 2.4149 2.5785 2.7524 2.9372 15 10777 1.1610 12502 1.3459 1.4483 1.5580 1.6753 1.8009 1.9353 2.0789 2.2325 2 3966 2.5718 2.7590 29589 3.1722 16 1.0831 1.1726 1.2690 1.3728 1.4845 1.6047 1.7340 1.8730 2.0224 2.1829 2.3553 2.5404 2.7390 2.9522 3.186+ 3.4259 1.0885 1.1843 1.2880 1.4002 1.5216 1.6528 1.7947 1.9479 2.1134 2 2920 2.4848 2.6928 29170 3.1588 3.4194 3.7000 18 1.09391.1961 1.3073 1.4282 1.5597 1.7024 1.8575 20258 2 2085 2 4066 2.6215 2.8543 3 1067 33799 3.6758 3.9960 19 1.099412081 1.3270 14568 1.5987 1.7535 1.9225 2.1068 2.3079 25270 2.7656 3.0256 3.3086 3.6165 3.9515 4.3157 20 1.10491.2202 1.3469 1.4859 1.6386 1.8061 1.9898 2.1911 24117 2.6533 2.9178 3.2071 3.5236 3.8697 4.2479 4.6610 21 1.1104123241.36711.5157 1.6796 1.8503 2.059422788 2.5202 2.7860 3.0782 3.3998 3.7527 4.1406 4.5664 5.0338 1.116012447 13876 1.5460 1.7216 19161 2.1315 2 3699 2.6337 29253 3.2475 3.6035 3 9966 44304 4.9089 5.4365 1.1216 1.2572 1.4084 1.5759 17646 1.9735 22061 2464727522 3.0715 13.4262 3,8197 42564 47405 5.2771 5.8715 24 1.1272 1.2697 1.4295 1.6084 1.8087 2.0328 2.2833 2.5633 2.8760 3.2251 3.6146 4.0489 4.5331 5.0724 5.6729 6.3412 25 1.13281.2824 1.45091.8406 1.8539 2.0938 2.3632 2.6658 3.0054 3.3864 13.8134 4.2919 4.8277 5.4274 6.0983 6.8485 1.1385 1.2953 14727 16734 1.9003 2.1566 2 445027725 3.1407 35557 40231 4.5494 5 1415 5.8074 6.5557 7.3964 1.14421.3092 1.4948 1.7059 1.9478 2.2213 2.5316 28834 3 2820 3.733542444 | 4.8223 5.4757 6.2139 7.0474 7.9881 28 1.9965 1.1499 1.3213 1.5172 1.7410 2.2879 2.6202 29987 3.4297 3.9201 4.4778 5.1117 5.8316 8.6271 6.6488 7.5759 2.0464 2.3566 1.1556 2.7119 1.3345 1.5400 1.7758 31187 3.5840 4.1161 14.7241 6.2107 5.4184 8.1441 7.1143 9.3173 2.4273 2.0976 2 8058 1.1614 1.3478 15531 1 8114 32434 3.7453 4321949840 5.7435 6.5144 8.7550 7.6123 10.0627 2.5001 2.1500 2.9050 3.3731 3.9139 1.1672 1.3613 1.5865 18475 453B0 52581 6.0881 70443 8.1451 10.8677 9.4116 2.2038 2.5751 3.0067 3.5081 4.0900 | 1.1730 1.37491.61031.8845 4.7649 6.4534 5.5473 7.5022 8.7153 10.1174 11.7371 2.6523 3.1119 1.6345 1.9222 3.6484 2.2589 5.0032 4.2740 1.1789 1.3887 9.3253 5.8524 6,84067.9898 10.8763 12.6760 2.7319 4 4664 3.7943 52533 B 5092 2.3153 72510 99781 34 11.6920 6 1742 32209 11848 1402616590 19607 13.6901 3.9451 2.3732 2.813933336 55150 46673 76861 6.5138 1.1907 1.4165 1.68391.9999 90623 35 12 5689 14.7853 10 6766 4 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124541.5493 1.9253 2.3901 17 0111 8 9850 13.7646 31.9204 21 0025 11.1266 25 9048 3.7816 4.70245841272482 3.0379 45 12516 1.5648 1.9542 24379 34.4741 27 3477 22 4726 18. 1168 145905 94343 60748 75744 11.7385 3.11393.8950 48659 46 1257915805 19a35 2 4865 37.2320 29 9353 240457 19 2944 15.4659 6 3178 9.9050123841 79153 3.1917 4.01195.0373 12542 1.595320133 25383 25.7289 40.2106 32.18 15 20.5485 16.3039 8.2715 85705 10.4013 3.2715 13.0653 4.13235.2136 12705 1.6122 2.0435 2.5871 27.5299 43.4274 34 5951 21.8842 17.3775 10 9213 13.7838 3.35334.2562 539616.8333 8 6437 1 2768 1.6283 20741 2 6388 46.9015 29.4570 18.4202 1 23 3067 37 1897 11283215445 12 10522691634374883955849 71067903261 11 4674 14.5420 NaN8E 902 1.0850 1.09DO 1.1772 1.1881 1.2773 12950 13859 1.4116 1.5037 1.5388 1.6315 1.6771 1.7701 1.8280 1.9206 1.9926 2.0839 2.1719 2.2610 2.3674 2.4532 2.5804 2.6617 28127 2.8879 3.0658 3.1334 3.3417 3.3997 3.6425 3.6887 3.9703 4.0023 4.3278 4.3425 4.7171 4.7116 5.1417 5.1120 5.6044 5.5466 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