$4.$ You are considering taking out a two$-$year loan of $\backslash (\backslash$$ $1,000\backslash )$ from a bank, on which you can pay either compound yearly interest of $1$ percent or a flat rate of $2$ percent for the whole two$-$year period. Which option is a better deal, and why? LO $11\mathrm{.}2$