Question: Question 2 (of 3) > 2. value: 2.00 points a. If you take out an $25,000 car loan that calls for 60 monthly payments starting

Question 2 (of 3) > 2. value: 2.00 points a. If

Question 2 (of 3) > 2. value: 2.00 points a. If you take out an $25,000 car loan that calls for 60 monthly payments starting after 1 month at an APR of 5.00%, 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 %

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