Question: Show work by typing or uploading photo from doing on paper. Round any final answers to nearest cent / hundredth . You have the following

Show work by typing or uploading photo from doing on paper. Round any final answers to nearest cent/hundredth. You have the following ETF HMAX, which pays current 14.3% annually. From an investment of $143,567 that will receive its first dividend payment in January of the current year, paid out monthly. Calculate the following: 1) What will be dollar payout on the first dividend payment? (1 mark)2) You decide to reinvest the dividends each month in full, what will be the invested total after 8 months? (Ignoring any potential fees involved)(2 marks)3) What would be the value of the investment after 5 years? (1 mark)

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