You want to buy a new sports coupe for $$84,500,$ and the finance office at the

dealership has quoted you an APR of $4\mathrm{.}7$ percent for a $60-$month loan to buy the

car. What will your monthly payments be$?$ What is the effective annual rate on this

loan?

Input area:

$($Use cells A$6$ to B$9$ from the given information to complete this question. Your payme

Output area:

Payment

Effective interest rate