Question: Sohv Help Beve & Elsen Check my 14 Problem 6-19 Break-even point in interest rates [LO6-3] Carmen's Beauty Salon has estimated monthly financing requrements for
Sohv Help Beve & Elsen Check my 14 Problem 6-19 Break-even point in interest rates [LO6-3] Carmen's Beauty Salon has estimated monthly financing requrements for the next six months as follow 10 points January February March 510,200 4,200 5,200 April May June 510,200 11 200 6.200 Weerences Short-term financing will be utilized for the next six months Projected annual interest rates are January February March 6% 7 10 April May June 13% 12 12 What long-term interest rate would represent a break-even point between using short-term financing and long term financing Round your monthly interest rate to 2 decimal places when expressed as a percent. Found your interest payments to the nearest whole cent. Input your answer as a percent rounded to 2 decimal places.) Interest rate
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