Use the following information to answer the next 3 questions: Hillsdale Corp's Stockholders Equity Preferred Stock, 6%, $50 par value, 8,000 shs authorized, shs issued and outstanding $105,000 Common Stock, $4 par value, 20,000 shs authorized, 10,000 shs issued, shs outstanding 40,000

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1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%