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You have $7,700 to deposit. Regency Bank offers 9 percent per year compounded monthly (.75 percent per month), while King Bank offers 9 percent but

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You have $7,700 to deposit. Regency Bank offers 9 percent per year compounded monthly (.75 percent per month), while King Bank offers 9 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16

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