Annuity Payment and EAR You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 5 years (60 months), and the nominat interest rate would be 9% with inte paid monthly. What is the monthly loan payment? Do not round Intermediate calculations, Round your answer to the nearest cent. $ What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving Annuity Payment and EAR You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortired over 5 years (6 months), and the nominal interest rate would be with interest paid month. What is the monthly loan paymenty Do not round intermediate calculations. Round your answer to the nearestent What is the loan? Do not found intermediate calculations. Round your answer to two deca places Grade it Now Save & Continue