I need some help on some finance questions 1) A stock that sold for $22 at the beginning of the year was selling for $24 at the end of the year. If the stock paid a dividend of $0.50 per share, what is the simple interest rate on an investment in thei stock? the simple interest rate formula is A=P(1+rt) so A=24 P=22 t=1 r=? am I on the right tract? What do you do with the $0.50 per share? 2. A developer needs $ 80,000 to buy land. He is able to borrow the money at 10% per year compounded quarterly. How much will the interest amount to if he pays off the load in 5 years? compound interest formula is A=P(1+i)^n....do you use this formula? I don't really understand what the question is asking. Thanks.