3. You have an investment opportunity that requires an initial investment of $4,100 today and will pay $5,400 in one year. What is the rate of return of this opportunity? The rate of return for this opportunity is I.... .I (Round to two decimal places)

4.

1. You are looking to buy a car and you have been offered a loan with an APR of 6.3%, compounded monthly.
   1. What is the true monthly rate of interest?
   2. What is the EAR?

(Note: Be careful not to round any intermediate steps less than six decimal places.)

1. What is the true monthly rate of interest? The monthly rate of interest is I... ,I. (Round to four decimal places.)
2. What is the EAR? The EAR is .I... .I. (Round to four decimal places.)

5.

1. You make monthly payments on your car loan. It has a quoted APR of 5.9% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month? (Note. Be careful not to round any intermediate steps less than six decimal places.)

The percentage of the outstanding principal you pay in interest each month is I.... places.) 1/o. (Round to six decimal