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Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: Short-term financing will be utilized for the next six

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Liz's Health Food Store 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: Complete the table below and using the data computed, what is the expected annual rate of the short-term financing? Hint: Divide the total interest payments by the total amount of funds extended and multiply by 12 . (Round intermediate calculations and final answers to 2 decimal places.) Annual interest rate

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