A If You Take O the CA How MuchW P If you take out:+ v Help Save & Exit Submit 18 Check my work Problem 5-57 Loan Payments (L04) You take out an $8,800 car loan that calls for 60 monthly payments starting after 1 month at an APR of 12%. a. What is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places) $ 195.75 b. What is the effective annual interest rate on the loan? (Do not round intermediate calculati rounded to 2 decimal places.) ons. Enter your answer as a percent c. Now assume the payments are made in four annual year-end installments. value as the monthly payment you calculated? (Do not round intermediate calculations. Round your answer What annual payment would have the same present to 2 decimal places.)