Hana deposited the $1,000 into the bank for 5 years. The bank pays 3% interest on the deposits. 1. What will be the value of Hana's deposit 5 years from now? 2 Had the bank used simple instead of compound interest, would Hana have more or less money 5 years from now? Why? 3. Had the bank paid a 4% interest rate, would Hana have more or less money 5 years from now? Why? 4. Is Hana's investment an example of an annuity? Explain.