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Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: January February March $8,700 2,700 3,700 April May June

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Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: January February March $8,700 2,700 3,700 April May June $8,700 9,700 4,700 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February Harch 6.6% 7.ex 10.0% April May June 13.0% 12.0% 12.0% Complete the table below and using the data computed, what is the expected annirol 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.) 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.) Month January February March April May June Rate 6 X 7. 10 13 Short-term Financing On monthly basis Amount $8,700 $2,700 $3,700 58,700 59,700 54.700 Actual Interest annount $ $ $ $ $ $ 12

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