Your business has decided to take a loan to expand its inventory. The CFO has determined that the company can only afford to make payments of $2000 per month. First National Bank of Dewitt is offering a 5-year loan with an interest rate of 13.1% compounded monthly (with monthly payments), whereas Last National Bank of Dewitt will give your company a 5-year loan at an interest 13.4% compounded semi-annually (with semi-annual payments). You have been given the task of determining which bank you will be able to borrow the most from given the company's budget. Which bank will you choose? (Please show the correct formula and calculation process)