you want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted you a loan with an APR of 6.9 percent for 36 months to buy the car.

What will your monthly payments be?

Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

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.