Business
Business, 28.07.2020 16:01, tobywaffle1234

You want to buy a new sports coupe for $85500,and the finance office at the dealership has quoted you an APR of 6.7 percent for a 72 month loan to buy the car. 1. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
2. 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.)

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