If the APR in question 3 is 4.8%, what is the effective interest rate of the Ioan? (please provide the answer in percentages and keep two decimal places; for example: if the answer is 5.376%, please input 5.38 in the box) A heavy construction company plans to purchase a front loader with a price tag of $84,756. The company plans to finance the purchase with a loan. The down payment is $23,248 and the loan stipulates uniform monthly payment at 3% annual percentage rate (APR) for 5 years. -What is the monthly payment