Question: Use a calculator for this exercise. Chuong Ngo borrows$5400from a bank that advertises a6%simple interest rate and repays the loan insixequal monthly payments. Estimate the

Use a calculator for this exercise. Chuong Ngo borrows$5400from a bank that advertises a6%simple interest rate and repays the loan insixequal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula. %

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