Business, 19.11.2019 00:31 Wintersavannah

Melvin indecision has difficulty deciding whether to put his savings in mystic bank or four rivers bank. mystic offers 10% interest compounded semiannually. four rivers offers 12% interest compounded quarterly. melvin has $10,700 to invest. he expects to withdraw the money at the end of 4 years. calculate the interest earned at the end of melvin's investment period at each bank. identify which bank gives him the better deal?

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Melvin indecision has difficulty deciding whether to put his savings in mystic bank or four rivers b...