A note worth $4,000,000 bears interest at 2% per month and has a maturity of 60 days. If it is canceled after 45 days of expiration, calculate the default interest and the total amount to be paid

A- $187.200 and $4.160.000

B- $4.060.000 and $180.200

C- $4.160.000 and $187.200

D- $187.200 and $4.347.200

How many months must elapse for $812,000 placed at 2.2% bimonthly to become $910,252?

a. 5 MONTHS

b. 11 MONTHS

c. 5.5 MONTHS

d. 10 MONTHS