1.Johnson & Johnson just paid a dividend of $2.10. It expects growth will be a constant 5% for the future. If you would require a 10 % return on similar stocks, what is the price you would be willing to pay for this stock. Show work

2. Dorit wants to purchase a car, but she can only afford payments of $350/month for the loan. How much can she borrow if the rate is 8% and the term is 10 years? Show all steps and timeline