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 will be utilized for the next six months. Projected onnual 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 o percent. Round your interest payments to the nearest whole cent. b-1. Compute the total dollar interest payments if long-term financing ot 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. b.2. If long-term financing of 12 percent had been unilized throughout the six months, would the totol-dollor interest payments be larger, of smaller than with the short-term financing plan