Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January $9, 600 February 3, 600 March 4,600 April$ 9, 600 May 10, 600 June 5,600 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January 5.03 February 6.04 March 9.08 April 12.03 May 12.08 June 12.08 a. Compute total dollar interest payments for the six months. (Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent.) Total dollar interest payments b-1. Compute the total dollar interest payments if long-term financing at 12 percent had been utilized throughout the six months? (Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent.) Total dollar interest payments b-2. If long-term financing at 12 percent had been utilized throughout the six months, would the total- dollar interest payments be larger or smaller than with the short-term financing plan? Larger Smaller