Carmens Beauty Salon has estimated monthly financing requirements for the next six months as follows: January $ 8,800 April $ 8,800 February 2,800 May 9,800 March 3,800 June 4,800 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January 7.0% April 14.0% February 8.0% May 12.0% March 11.0% June 12.0% a. Compute total dollar interest payments for the six months. Note: 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? Note: 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? multiple choice Smaller Larger