1. Sam & Ella's Fine Foods common stock sells for $44.05 a share and pays an annual dividend that increases by 5% annually. The market rate of return on this stock is 8%. What is the amount of the last dividend paid by Sam & Ella's Fine Foods?
2. You borrowed $1,200 at 6% compounded annually.
   1. If your payments are $90 at the end of each year, how many years will you make payments on the loan?
   2. If your payments are instead $72 at the end of each year, how many years will you make payments on the loan?