Question: A & B is correct what is? Sved Help Save & Exit Check You take out a $7,800 car loan that calls for 48 monthly

A & B is correct what is?

Sved Help Save & Exit Check You take out a $7,800 car loan that calls for 48 monthly payments starting after 1 month at an APR of 6% o. What is your monthly payment? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Monthly payment $ 183.18 b. What is the effective annual interest rate on the loan? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective annual interest rate 6.17% c. Now assume the payments are made in four annual year end installments What annual payment would have the same present value as the monthly payment you calculated? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment

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