Question: send help ASAP! Problem 6-20 Calculating Loan Payments [LO2, 4] You want to buy a new sports coupe for $80,500, and the finance office at

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Problem 6-20 Calculating Loan Payments [LO2, 4] You want to buy a new sports coupe for $80,500, and the finance office at the dealership has quoted you an APR of 6.2 percent for a 48 month loan to buy the car. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Monthly payment What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual rate %

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