You want to buy a new sports coupe for $$74,000,$ and the finance office at the dealership has quoted you a loan with an APR of $6.$ percent for $48$ months to buy the car.

a$.$ What will your monthly payments be$?$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the effective annual rate on this loan?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16$

$\backslash$table$[[$a$.$ Monthly payment,,$],[$b$.$ Effective annual rate,,;$]]$