Question: Please answer the following two problems using the space provided to show your work and answer. 1. Your bank offers a 2% Interest rate on

Please answer the following two problems using the space provided to show your work and answer. 1. Your bank offers a 2% Interest rate on savings accounts, compounded annually. If you deposit $400 into a savings account today, how much will it be worth at the end of one year? 2. You own a security that pays a $4 dividend per year forever (no growth in its cash flow to you). You paid $100 for this security. What annual rate of return do you earn

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