DAIA RVICV VIEW Calibri 11 Paste BI U - % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font A1 f A B D EFGHI J K L 1 2 3 You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? 4 5 6 7 8 9 10 11 Cost of Car Discount rate # of years # of times compounded per year 79,500 5.8% 5 12 12 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Payment 13 Effective interest rate 15 16 17 18 19