A.You are comparing two financial products which offer equal monthly payments for ten years. Both financial products are identical with the exception of the payment dates. Product A pays on the first day of each month while product B pays on the last day of each month. At the end of the tenth year, which product will provide you with higher future value and why?B. You are considering borrowing money from a bank. The Citizen bank offers a loan with APR 5.25% and monthly compounding. The Chase Bank offers a loan with APR 5.3% and semiannual compounding. Which bank should you borrow your money and why?