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

$2$ this loan?

$3$

$4$ Input area:

$5$

$6$

$($Use cells A$6$ to B$9$ from the given information to complete this question. Your payment should be a positive value.$)$

$13$ Output area:

$14$