Solve the problem. Use the approximate APR formula to estimate the APR, and round rates to the nearest tenth of a percent. Jordan wants to buy an electric guitar for $320. The music store offers to let him buy it on credit, paying only $11.14 per month for 33 months. What is the finance charge? What is the approximate annual percentage rate? $36.48,8.3% $58.76,12.9% $42.76,10.8% $47.62,10.5% Solve the problem. Use the approximate APR formula to estimate the APR, and round rates to the nearest tenth of a percent. Jordan wants to buy an electric guitar for $320. The music store offers to let him buy it on credit, paying only $11.14 per month for 33 months. What is the finance charge? What is the approximate annual percentage rate? $36.48,8.3% $58.76,12.9% $42.76,10.8% $47.62,10.5%