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You have $ 5 , 3 0 0 to deposit. Regency Bank offers 6 percent per year compounded monthly ( . 5 percent per month

You have $5,300 to deposit. Regency Bank offers 6 percent per year compounded monthly (.5 percent per month), while King Bank
offers 6 percent but will only compound annually. How much will your investment be worth in 17 years at each bank?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Regency Bank
King Bank
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