Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January February March $ 9,900 3,900 4,900 April May June $ 9,900 10,900 5,900 Short-term financing will be utilized for the next six months. Projected annual interest rates are: 15% January February March 8% 9 12 April May June 12 12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? answer as a percent rounded to 2 decimal places.) Interest rate % Carmen's Beauty Salon nas estimated monthly financing requirements for the next six months as follows January Fahruary More $ 9,900 3.900 4,900 April May June 59.900 10 900 Short-term financing will be utilized for the next sbc months. Projected annual Interest rates are: February 9 May 12 nearest whole cent. input your What lonem interest rate would represent a break-even point between using short-term financing and long-terminanong? (Round your monthly interest rate to 2 decimal places when expressed as a percent Round your interest answer as a percent rounded to 2 decimal places.) Interest rate