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You want to buy a new sports coupe for $82,500, and the finance office at the dealership has quoted you an APR of 6.4 percent

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You want to buy a new sports coupe for $82,500, and the finance office at the dealership has quoted you an APR of 6.4 percent for a 72 month loan to buy the car. points a. What will your monthly payments be? (Do not round Intermediate calculations and round your answer to 2 decimal places, e... 32.16.) b. What is the effective annual rate on this loan? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Print a. Monthly payment b. Effective annual rate References

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