You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 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? Cost of Car Discount rate # of years # of times compounded per year 79,500 5.8% 5 12 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Payment Effective interest rate