3)You are interested in purchasing a new automobile that costs $30,000. The dealership offers you a special financing rate of 0.4% per month for 60 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:

4)Suppose that you are offered an investment opportunity that requires to put $6,000 today. In return you will receive $300 each year forever starting next year. Then your annual return from this investment is closest to: