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You want to buy a new sports coupe for $ 7 3 , 9 0 0 , and the finance office at the dealership has

You want to buy a new sports coupe for $73,900, and the finance office at the dealership has quoted you a loan with an APR of 6.3 percent for 72 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.,32.16.
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.,32.16.
\table[[a. Monthly payment,,],[b. Effective annual rate,,%
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