Pls give answer to question 1 ONLY. Question ONE extends to page2. Thanks

GRADES SECTION - ASSIGNMENT #4 (Individual effort only) NAME: Here is an essay (we discussed this in class and you would answer as a graded assignment: 1. The great physicist, Albert Einstein was credited with the observation that compound interest is the most powerful force in the universe. Explain by using an example and a graph to make your points (Hint: use say $100 over a 50 year period with a non- compounding interest of say 12% and a compound interest of say 6% $FV Time/Yrs. At what value ($) will the investment be indifferent (FV non-compounding = Compounding): (Work space] YEARS Non-compounding Compounding ANS: 9From your graph above comment (about 50+ relevant words) on the alleged Einstein assertion: 2. A student is saving towards a long term financial objective. She sets aside $100 per month and is matched by her employer 1:1 (1 to one). She is estimated to earn an annual average of 12 % on her investment. What price would you pay for her accumulated funds at the end of 50 payments? [Work space] Explain your results PV - --- -- FV 10