This problem is a breakeven point (BEP) problem. Dupree Funds is considering the fees charged by two banks. First America charges a flat rate of $0.11 per payment and First Western requires a deposit of $500,000 (that does not pay interest to Dupree), plus $0.05 per payment. What is the number of payments per year where the costs of the two banks will be equal? Assume Dupree's cost of funds is 9%.