FINANCE Homework 6 Chapter 5 Question 9 (of 18) 9. 10.00 points Problem 5-20 Calculating Loan Payments [LO 2 You want to buy a new sports coupe for $74,800, and the finance office at the dealership has quoted you a oan with an APR of 7.2 percent for 48 months to buy the car. Requirement 1: What will your monthly payments be? (Enter rounded answer as directed, but do not use rounded s. Round your answer to 2 decimal places (e.g, 32.16)) Monthly payment What is the effective annual rate on this loan? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g, 32.16)) Effective annual rate References eBook & Resources Worksheet Difficulty: Basic Problem 5-20 Calculating Loan Payments [LO 2 Learning Objective: 05-02 Calculate loah paymients and find the interest rate on sc F2 F3 F4