Question $43(1\mathrm{.}2$ points$)$

You have $$6,150$ to deposit. Regency Bank offers $12$ percent per year compounded

monthly $(1$ percent per month$),$ while King Bank offers $12$ percent but will only

compound annually. How much will your investment be worth in $20$ years at each

bank?

FVRegency Bank $=$$$65,441\mathrm{.}48$; FVKing Bank $=$$$67,765\mathrm{.}80$

FVRegency Bank $=$$$59,324\mathrm{.}70$; FVKing Bank $=$$$66,989\mathrm{.}20$

FVRegency Bank $=$$$66,989\mathrm{.}20$; FVKing Bank $=$$$59,324\mathrm{.}70$

FVRegency Bank $=$$$67,765\mathrm{.}80$; FVKing Bank $=$$$65,441\mathrm{.}48$

FVRegency Bank $=$$$65,441\mathrm{.}48$; FVKing Bank $=$$$59,324\mathrm{.}70$