Problem 6-18 (Algo) Interest costs under alternative plans [LO6-3] Carmen's Beauty Salon has estimated monthly financing requirements for the next six months as follows Short-term financing wili be utilized for the next six months, Projected anmalinterest rates are: a. Compute total dollar interest payments for the six months. Note: Round your monthly interest rate to 2 decimol places when expressed as a percent. Round your interost payments nearest whole cent. b-1. Compute the total dollar interest payments if long-term financing at 12 percent had beeri utized throughout the sik 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. b-2. If long-term financing at 12 percent had been utilized throughout the six months, would the total-dollar interest poyments be larger or smaller than with the short-term financing plan? Smaller Larger