You want to buy a new sports coupe for $75,400, and the finance office at the dealership has quoted you a loan with an APR of 7.8 percent for 60 months to buy the car. o. What will your monthly payments be? Note: Do not round intermediate colculations and round your answer to 2 decimal places, e.9., 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 . Answer is complete but not entirely correct