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Saved 25 You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of

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Saved 25 You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 4.7 percent for a 60-month loan to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) 10 points Print References a. Monthly payment b. Effective annual rate % V Mc O Bico - 10 O

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