You want to buy a new sports coupe for $85500,and the finance office at the dealership has quoted you an APR of 6.7 percent for a 72 month loan to buy the car. 1. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
2. 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.)

Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)