Question: Will thumbs up! thank you for the help! 4. value: 1.25 points Loan Payments a. If you take out an $45,500 car loan that calls

Will thumbs up! thank you for the help! 4. value: 1.25

Will thumbs up! thank you for the help!

4. value: 1.25 points Loan Payments a. If you take out an $45,500 car loan that calls for 60 monthly payments starting after 1 month at an APR of 19.80%, what is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Monthly payment S 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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