You want to buy a new sports coupe for $$84,500,$ and the finance office at the dealership has quoted you an APR of $4\mathrm{.}7$ 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?

$3$

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$\backslash$table$[[$Cost of car,$$84,500$