6. A bank has a $100,000,000 loan portfolio that charges 2% a year with monthly compounding. It has the same amount of money in deposits that earn 1% a year with monthly compounding. What amount does the bank earn on its loans each month? 5 points What amount does it pay out to depositors each month? 5 points If the bank's total expenses (including interest and taxes) work out to 0.5% a year is the bank profitable? Explain 5 points