Check my 13 Problem 6-18 Interest costs under alternative plans (L06-3) 10 point Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows January February March $9.300 3.300 4.300 April May June $ 9,300 10 300 5.300 Book References Short-term financing will be utilized for the next six months, Projected annual interest rates are January February March 7.0% 8.0% April May June 140% 12.0% 1209 11 0% a. Compute total dollar interest payments for the six months. (Round your monthly interest rate to 2 decimal places when expressed as o percent. Round your interest payments to the nearest whole cent.) Total dollar interest payments Check my worte 13 10 ports 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 in the nearest whole cent.) eBook Seferences Total dollar interest payments I b-2. If long-term financing at 12 percent had been utilized throughout the six months, would the total dollar interest payments berger or smaller than with the short-term financing plan? Larger Smaller