along with answer, please also provide the formula that can be used when using a reguar calulator.

You want to buy a new sports coupe for $75,100, and the finance office at the dealership has quoted you a loan with an APR of 7.5 percent for 72 months to buy the car. Requirement 1: What will your monthly payments be? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Monthly payment Requirement 2: What is the effective annual rate on this loan? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Effective annual rate 7.78