Question: a . If you take out an $ 4 5 , 5 0 0 car loan that calls for 6 0 monthly payments starting after

a. If you take out an $45,500 car loan that calls for 60 monthly payments starting after 1 month at an APR of 13.70%, what is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Monthly payment
b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Effective annual interest rate
a. If you take out an $45,500 car loan that calls

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