2) You are considering taking out a loan to purchase a new vehicle. The cost of the vehicle is $36,000. The dealership is offering a loan that requires monthly payments with a term of 48 months, no down payment, and an interest rate of 3.9% APR (monthly compounding). You may assume your first payment is due 1 month from today. What is the monthly payment associated with this loan? (choose the most appropriate response) a. $1,670 b. $811 c. $1,690 d. $750 3) In 2007, interest rates on short term US Government Securities were about 4.5% and inflation was about 2.8%. Which of the following statements is most accurate? a. The nominal rate of return was 4.5% and the real rate of return was 1.7% b. The nominal rate of return was 4.5% and the real rate of return was 2.8% c. The nominal rate of return was 1.7% and the real rate of return was 1.1% d. The nominal rate of return was 7.3% and the real rate of return was 1.7% 4) The table below shows the interest rates available from investing in risk-free U.S. Treasury securities with different terms to maturity. Put another way, the table below presents the current spot yield curve. What is the present value (PV) of an investment that promises to pay $4,000 at the end of each year for the next four years with the first cash flow being paid one year from today? (provide your answer in the space holnwi The Present Value of the annuity described above is