Correct answers aren't shown for this assessment Question 1 People soft Corp. pays 4.5 percent interest, compounded annually. Penny Corp, pays 4.5 percent compounded semiannually, Penny Corp, is paying twice as much interest. True False Question 2 Michael and Bradley are two friends and both work at the Macalister Corp. Michael and Bradley plan to save for retirement, which is 30 years away. They'it both receive a 7 percent annual return on their investment over the next 30 years, Michael invests 51,500 per year at the end of each year only for the first 12 years of the 30-year period--for a total of $18,000 saved, Bradley doesn't start saving for 10 years and then saves $1,500 per year at the end of each year for the remaining 20 years-for a total of 548,000 saved. How much will each of them have when they retire? Your