Please see the attached document it is a finance question.

Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January February March $ 9,000 3,000 4,000 April May June $ 9,000 10,000 5,000 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February March 9% April 10 May 13 June 16% 12 12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? (Round the monthly interest rate to 2 decimal places when expressed as a percent (e.g., .67%) and use this rounded rate to compute the monthly interest. Round the monthly interest to the nearest whole cent. Use the rounded monthly interest amounts to compute the total interest for the 6-month period. Input your answer as a percent rounded to 2 decimal places.) Interest rate %