Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows:

Short$-$term financing will be utilized for the next six months. Projected annual interest rates are:

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