You want to buy a new sports coupe for $76,500, and the finance office at the dealership has quoted you a 5.8 percent APR loan for 72 months to buy the car.

What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Monthly payment

$

What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Effective annual rate

%