You Want to Buy a New Sports Coupe for $84,600,and

You want to buy a new sports coupe for $84,600,and the finance office at the dealership has quoted you a 7.1 percent APR loan for 48 months to buy the car.What will your monthly payments be? What is the effective annual rate on this loan?

A) $2,017.84; 7.24 percent
B) $2,017.84; 7.29 percent
C) $2,017.84; 7.34 percent
D) $2,029.78; 7.29 percent
E) $2,029.78; 7.34 percent