You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $849.67 every month for the next 12 months. Since you pay $849.67* 12 = $10,196 in total, the dealer claims that the loan's annual interest rate is (10,196-10,000)/10,000 = 1.961%. Part 1 What is the actual effective annual rate? 4+ decimals Submit Part 2 What rate should the dealer quote by law? (APR) 4+ decimals Submit BAttempt 1/10 for 10 pts. BAttempt 1/10 for 10 pts.