Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January February March $ 10,500 4,500 April May 5,500 June $ 10,500 11,500 6,500 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February March 9.0% 10.0% April May 13.0% June 16.0% 12.0% 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? Smaller O Larger