Question 11 of 14 (1 point) Attempt 1 of Unlimited View question in a popup 3.4 Apply: Total multiple student loa Huai takes out a $3700 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he transfers to a state university and borrows another $13,100 to defray expenses for the 5 semesters he needs to graduate. He graduates 4 years and 4 months after acquiring the first loan and payments are deferred for 3 months after graduation. The second loan was acquired 2 years after the first and has an interest rate of 7.2%. Find Hual's monthly payment when regular payments begin. Part: 0/3 Part 1 of 3 (a) Calculate the monthly payment on loan 1 (community college). Round your answer to two decimal places, if necessary. The monthly payment on loan 1 (community college) is S