Finding nominal rate of return Suppose the effective annual interest rate on some investment is $8\mathrm{.}03\%.$

a$.$ What is the stated rate per month? assuming Starbucks prices remain steady, how much will you spend at Starbucks over the next $40$ years assuming no change in your monthly spending? spent at Starbucks? Note: assume your first monthly deposit occurs one month from now.

a$.$ The stated rate per month is $0\mathrm{.}64573\%.($Round to five decimal places.$)$ spending is $$60000.($Round to the nearest dollar.$)$

c$.$ The amount you will accumulate over $40$ years using the funds that you previously spent at Starbucks is $ $($Round to the nearest cent.$)$