bottom portion is already correct. I'm having trouble finding the spread earned %

Assume that annual interest rates are 5 percent in the United States and 4 percent in Turkey. An Fl can borrow (by issuing CDs) or lend (by purchasing CD ) at these rates. The spot rate is $0.3310/Turkish fira (TL). 0. If the forward rate is $03420/TL, how could the bank arbitrage using a sum of $5 million? What is the spread earned? (Do not round intermediote colculotions, Round your answer to 3 decimal ploces. (e.g., 32.161)) b. At what forward rate is this arbitrage eliminated? (Do not round intermediate colculations. Round your answer to 5 decimal ploces. (e.g., 32.16161))