Assume you take out a car loan of $$7,400$ that calls for $60$ monthly payments of $$180$ each. What is the APR of the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places. Use a financial calculator or Excel. What is the effective annual interest rate on the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.