$($a$)$ $$120,000$ amortized monthly for ten years at a nominal discount rate of $6\mathrm{.}5\%$ convertible monthly.

$\%$

interest convertible monthly. The bank receives the sinking fund deposits.

$($c$)$ $$400,000$ to be repaid with interest at the end of ten years with an effective rate of discount of $8\mathrm{.}8\%$ throughout the ten years.

$\%$

Find the bank's annual effective yield on the package of loans over the ten$-$year period. $($Round your answer to three decimal places.$)$

$,9\mathrm{.}061\%$

CORRECT ANSWERS ARE IN GREEN. please show work!