Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January Tebruary March $8,300 2,300 3,300 April May June $8,300 9,300 4,300 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February March 7.00 8.00 11.00 April May June 14.08 12.00 12.05 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 interes paytrents 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? O Larger OSmaller Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows: January Tebruary March $8,300 2,300 3,300 April May June $8,300 9,300 4,300 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January February March 7.00 8.00 11.00 April May June 14.08 12.00 12.05 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 interes paytrents 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? O Larger OSmaller