Document1 - Word AutoSave 0 File Home B 90- insert Design Layout References Mailings Review View H elp Search EE S Calibri (Bodyl - 11-AA A A BIV. XX A.P.A 21 TASACD Abc AaBb AaBbcc AaB Aabbcc Aab - 1 Nomad No Spac.. Heading! Heading 2 Tale Subtitle Subtle Em.. AaB Emphasis . Aas intense ACE 40BCD ABCD ABECED Strong Quote Intense Q. Subtle Ref Format Painter Clipboard font Paragraph Styles You have finally saved up $20,000 for a down payment on the 2019 Dodge Challenger SRT. You must pay the full sticker price of $65,953, plus 5.9% taxes. After making your $20,000 down payment, you will be financing the remainder. The salesperson points out that because of your good credit history, you qualify for a great interest rate and she inform you that your monthly payment on your 78-month loan (first payment to be made one month from now) will be $1023.21 (a) What is the annual percentage rate (APR) on the loan? (2 pts.) (b) What is the effective annual rate CAR on the loan? (2 pts.) 08 words Document1 - Word AutoSave 0 File Home B 90- insert Design Layout References Mailings Review View H elp Search EE S Calibri (Bodyl - 11-AA A A BIV. XX A.P.A 21 TASACD Abc AaBb AaBbcc AaB Aabbcc Aab - 1 Nomad No Spac.. Heading! Heading 2 Tale Subtitle Subtle Em.. AaB Emphasis . Aas intense ACE 40BCD ABCD ABECED Strong Quote Intense Q. Subtle Ref Format Painter Clipboard font Paragraph Styles You have finally saved up $20,000 for a down payment on the 2019 Dodge Challenger SRT. You must pay the full sticker price of $65,953, plus 5.9% taxes. After making your $20,000 down payment, you will be financing the remainder. The salesperson points out that because of your good credit history, you qualify for a great interest rate and she inform you that your monthly payment on your 78-month loan (first payment to be made one month from now) will be $1023.21 (a) What is the annual percentage rate (APR) on the loan? (2 pts.) (b) What is the effective annual rate CAR on the loan? (2 pts.) 08 words