A savings account pays 4% per annum with continuous compounding, but interest is actually paid monthly. (a) How much interest will be paid after the first month if you have a $50,000 starting balance? (b) How much interest will be paid after the second month if the interest from the first month is not withdrawn?

A savings account pays 4% per annum with continuous compounding, but interest is actually paid monthly. (a) How much interest will be paid after the first month if you have a $50,000 starting balance? (b) How much interest will be paid after the second month if the interest from the first month is not withdrawn