Intro You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $849.67 every month for the next 12 months. Since you pay $849.67 * 12 = $10,196 in total, the dealer claims that the loan's annual interest rate is (10,196-10,000)/10,000 = 1.961%. Part 1 Attempt 8/10 for 5.8 pts. What is the actual effective annual rate? 4+ decimals Submit Part 2 Attempt 3/10 for 9.8 pts. What rate should the dealer quote by law