Carmens Beauty Salon has estimated monthly financing requirements for the next six months as follows:

January	$	8,400	April	$	8,400
February		2,400	May		9,400
March		3,400	June		4,400

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

January	8.0	%	April	15.0	%
February	9.0	%	May	12.0	%
March	12.0	%	June	12.0	%
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

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.)

***Please give details in your answer, I cant find how to solve this problem. All the answer for this question wrong*********