(7 points) First City Bank pays 7 nent simple interest annually on its savings account balances, where Second City Bank pays 7 percent interest compounded annually. If you made a deposit of $4.000 in each bank, how much more money would you carn from your Second City Bank account at the end of five years? 5. (11 points) You are planning to save for retirement over the next 35 years. To do this, you will invest $450 per month in a stock account. The return of the stock account is expected to be 9 percent per year. When you retire, you will transfer your money into an account with a retum of 4.5 percent per year. How much can you withdraw each month from your account a mino a 20-year withdrawal period? 6. (7 points) Five years ago, Tom invested $3,000. Today, that investment is worth $3,874.64. (a) (3 points) If interest is compounded annually, what is the average annual rate of return? (b) (4 points) If interest is compounded quarterly, what is the nominal (stated) annual rate of return