The Red River Floodway is designed to reduce the impact of floods in Winnipeg, by diverting water around the city. It was disparagingly known as "Duff's Ditch" after Premier Duff Roblin due to its high expense and seeming extravagance. It was started in $1962$ and cost $$62$ million dollars to complete and was designed to stop a flood of the century $(1$ in $100$ years!$).$

What is the value of that $$62$ million today $($in $2020)?$ Assume the $$62$ million was paid in $1962$ and annual compounding and an annual interest rate of $5\%.$

$$867$ million

$$900$ million

$$950$ million

$$1,000$ million

$$1,050$ million

Let's assume the Manitoba government paid for the Red River Floodway with a $100$ year loan. The loan has an interest rate of $6\%$ compounded monthly with equal monthly payments. The first payment was made on January $31,1963.$ How much does the Manitoba government owe now in February $1,2020($it just completed a payment on January $31)?$

Pls help with number $6$