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5 We deposit 1 , 0 0 0 each in two banks: Bank A and Bank B . Accounts in Bank A earn interest compounded

5 We deposit 1,000 each in two banks: Bank A and Bank B. Accounts in Bank A earn interest compounded continuously with force of interest: 5%. Bank B offers an interest rate of 12% compounded monthly. At the end of 2 years, which account will have the greater accumulated value?
(a) Bank A
(b) Bank B
6 A loan of 4,500 is being repaid by payments of 500 at the end of each quarter for as long as necessary, plus a final smaller payment one quarter of a year after the last 500 payment. The nominal rate of interest compounded quarterly is 12%. What is the interest paid in the 6th payment period? Please enter an amount rounded to the nearest integer.
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