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Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: January February March $8,490 2,489 3,400 April May Dune
Liz's Health Food Store has estimated monthly financing requirements for the next six months as follows: January February March $8,490 2,489 3,400 April May Dune $8,488 9,480 4,400 Slapped Short-term financing will be utilized for the next six months. Projected annual Interest rates are: January February March 8.0% 9.0x 12. April May June 15.ex 12.0% 12.8% 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.) Short-term Financing On monthly Anount 480 480 Month January February March April interest amount 480 200 4ee Annual Interest rate
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