You have 120,000 in the bank today. It currently earns 6.61% compounded annually. You plan to deposit equal payments of $20, 000 in the same bank for the next 3 years only. You plan to keep the money in the same bank for 10 years and then withdraw it. Later today, you find a new investment opportunity that earns 6.4% compounded quarterly. Should you move your $120,000 to the new investment today and make the deposits as planned to the new investment or keep your original plan? Assume there are no fees or penalties for moving your money. Show our work and explain your answer. Can you us the effective rate to answer this question?