3. [-/0.26 Points] DETAILS AUFEXC4 11.3.013. 0/100 Submissions Used MY NOTES ASK YOUR TEAC Use a calculator for this exercise. Chuong Ngo borrows $3000 from a bank that advertises a 6% simple interest rate and repays the loan in five equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula. % Need Help? Read it Watch It Submit Answer ASK YOUR TEACHER DETAILS [-70.26 Points] MY NOTES AUFEXC4 11.3.017. 0/100 Submissions Used Use a calculator for this exercise. Arrowood's Camera Store advertises a Canon Power Shot 3.34-megapixel camera for $450, including taxes. If you finance the purchase of this camera for 1 year at an annual percentage rate of 5.4%, find the monthly payment. (Round your answer to the nearest cent.) $ Need Help? Read Watch It Submit