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3. Jack wants to purchase a car. He negotiates a price of 13,650 and an APR of 5%. The dealership offers him a five year

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3. Jack wants to purchase a car. He negotiates a price of 13,650 and an APR of 5%. The dealership offers him a five year loan. What is his monthly payment? 4. Jessica has a $1000 to invest. She invests $400 in stock A with a beta of 1.3. $200 in stock beta which is equally risky as the market, and the remainder in t-bills. What is her portfolio beta

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