Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows:

Short$-$term financing will be utilized for the next six months. Projected annual interest rates are:

What long$-$term interest rate would represent a break$-$even point between using short$-$term financing and long$-$term financing?

Note: 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.