A. Consider a current amount of $1,000,000 and an annual interest rate of 12%. interest compounds annually. Over a time horizon of five years, calculate: i) The value of the amount at the end of the five years. ii) Total interest earned on interest. Interest earned on interest in each of the five years. B. Using the same amount and same interest rate as in Part A, now assume that interest compounds monthly. Over a time horizon of five years, calculate: 1) The value of the amount at the end of the five years ii) Total interest earned iii) The difference in total interest earned attributable to monthly vs. annual compounding