3. What is the effectiye rate of interest on a CD that has a nominal rate of 4.5 percent with interest compounded quarterk? 4. How much should you deposit now to have 3,000 in 3 years at 3.75% simple interest? 5. How much should you deposit now at 6.75% CIA in order to withdraw the following over the next several years? 123456250035004000400040005000 6. How much should you invest now in an account paying a fixed rate of 2.88%ClA in order to withdraw $2,800 per year indefinitely? 7. What is the annual payment on a 3.44\% amortized loan of $40,000 for 15 years? - What are the total payments over the life of the loan? - How much interest\$ is paid over the life of the loan? * What % of the total payments does the interest amount poid represent