Empirical Quantitative Thinking 5. What will be the total amount of the loan if the XYZ Bank offers 4.45% compounded quarterly for 6 years? Round to the nearest cent. How much interest will you pay at the end of the 6 years? Round to the nearest cent. Critical Thinking 6. If the number of compounding periods increases per year, what happens to the amount of the loan at the end of the 6th year? Explain. Empirical Quantitative Thinking 5. What will be the total amount of the loan if the XYZ Bank offers 4.45% compounded quarterly for 6 years? Round to the nearest cent. How much interest will you pay at the end of the 6 years? Round to the nearest cent. Critical Thinking 6. If the number of compounding periods increases per year, what happens to the amount of the loan at the end of the 6th year? Explain