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You have $ 6,800 to deposit. Regency Bank offers 6 percent per year compounded monthly (0.50 percent per month), while King Bank offers 6 percent

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You have $ 6,800 to deposit. Regency Bank offers 6 percent per year compounded monthly (0.50 percent per month), while King Bank offers 6 percent but will only compound annually. Required: How much will your investment be worth in 20 years at each bank? For Regency Bank: For King Bank

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