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Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January February March $10.000 4.ee 5.000 April May June $10.ece

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Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January February March $10.000 4.ee 5.000 April May June $10.ece 11.08 6,000 Short-term financing will be utilized for the next six months. Projected annual Interest rates are: January February March 916 10 13 April May June What long-term Interest rate would represent a break-even point between using short-term financing and long-term financing? (Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent. Input your answer as a percent rounded to 2 decimal places.) Interest rate %

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