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 2.67 percent. Her first payment to Harlem Health House would be due immediately. If Brams Bronx Bonanza would let her make equal monthly payments of $2,140 for 5 years and if her first payment to Brams Bronx Bonanza would be in 1 month, then what is the monthly interest rate that Carlita would be charged by Brams Bronx Bonanza?

		1.52% (plus or minus .01 percentage point)
		1.30% (plus or minus .01 percentage point)
		1.47% (plus or minus .01 percentage point)
		1.41% (plus or minus .01 percentage point)
		None of the above is within .01 percentage point of the correct answer