Question: please explain the answer step by step $10,000 is invested with two schemes for 6 years: 1. into a saving account of nominal annual interest

please explain the answer step by step

$10,000 is invested with two schemes for 6 years:

1. into a saving account of nominal annual interest rate of 12% compounded monthly.

2. you use this 10,000 to purchase a 6 payment level annuity due at rate 10% and invest this payment into a saving account right after receiving them which pay annual effective interest of 6%.

which schema is more profitable ?

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