Notices from the lecture, unfortunatelly only in PPT (whitebord, cause of MS.. didnt work)...

Optional Home Work:

Jana needs a loan of 50,000.00. She received an offer from two banks. The first bank offers 7% p.a. and calculates interest every month. The second bank offers 7.05% p.a. and calculates interest twice a year. The loan will be for a period of 5 years. Which option will be more suitable for Jana and by how much?