You borrow $40,000 to purchase a car. The loan temes are 60 anen ths (the payments occur at the end of each month) at 5.7N APR (arnus percentage rate What is the effective annual rote [EAP] for this loan? A) 5.85% B) 5.95% C) 5.99% D) 6038 E. 59% You borrow 540,000 to purchuse a cat. The loan terms are 60 months (the omments occur at the end of each month) at 5.75 APR (ameal percentage intel What is the constant payment you will tuve to make each manth? A) $560.98 B) $850.87 C) $767.74 Di 5699,90 5934.90 You borrow $40,000 to purchase a car. The loan temis are 60 months sine payments occur at the end of each month) at 5.7\% APR (annual percentage ratel) In whole dollars, what is total a mount of interest you will pay on this loan? A) 56,064,67 B) 54,377.61 C) $10,455.50 D) 55,89953 E) 57.560.85 You borrow $40,000 to purchase a car. The laan terms ane 60 month ine payments occur at the end of each month) at 5.7% APR (annual percentage ratel. What is the interest component out of the first payment? A) $356,90 B) $234,98 C) 5546,73 D) 5145.52 Di $19000 Question 7 (1 point) You borrow $40.000 to purchase a car. The laan terms are 60 months (the payments occur the end of each month) at 5.7\% APR (annual percentage ratel. What is the principal component out of the first payment? A) $356.86 B) $546,61 C) $490.87 D) $577.74 E) $61087