Business, 04.10.2020 05:01 angelricardoblp8kwg3
Carmen’s Beauty Salon has estimated monthly financing requirements for the next six months as follows: January $ 9,700 April $ 9,700 February 3,700 May 10,700 March 4,700 June 5,700 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January 6 % April 13 % February 7 May 12 March 10 June 12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
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