You are preparing to buy a car that costs \$36,000$36,000. You can pay for the car using an auto loan from the car manufacturer or using money from your home equity line of credit (HELOC). The auto loan charges 2.75\%2.75% interest per annum. The HELOC charges 3.85\%3.85% interest per annum but the interest is tax deductible. If your current tax rate is 32\2%, which source of funds should you use

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?