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Bonanza? Carlita wants to buy exercise equipment that is available at two stores. The price of the exercise equipment is the same at both stores.

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Bonanza? Carlita wants to buy exercise equipment that is available at two stores. The price of the exercise equipment is the same at both stores. Harlem Health House would let her make quarterly payments of $4,780 for 6 years at a quarterly interest rate of 2.97 percent. Her first payment to Hattem Health House would be due immediately, if Bram's Bronx Bonanza would let her make equal monthly payments of 52,140 for 5 years and if her first payment to Bram's Bronx Bonanza would be in 1 month, then what is the monthly interest rate that Carlita would be charged by Bram's Bronx 1.53% (plus or minus .01 percentage point) 1.42% (plus or minus.1 percentage point) 1:59% (plus or minus.1 percentage point) 1.65% (plus or minus .01 percentage point) None of the above is within 01 percentage point of the correct answer OOOC

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