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Question : You want to buy a new sports coupe for $81,500,

You want to buy a new sports coupe for $81,500, and the finance office at the dealership has quoted you a 6.3 percent APR loan for 60 months to buy the car What will your monthly payments b (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16) Monthly payment What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16) Effective annual rate