An investor purchased a mutual fund five years ago which has a 5% front-end load and a 1% annual expense ratio. During the current year, the investor has averaged $5,000 of assets managed by the fund. What is the dollar amount of fees paid for this year by the investor? Give your answer to two decimal places.

Suppose European interest rates are 4%, and the current spot rate is 1 Euro = 1.25 US Dollars and forward rate is 1 Euro = 1.30 US Dollars. According to interest rate parity, what is the equilibrium US interest rate? Give your answer as a percent and to the nearest 0.01%.