Problem 6-18 (Algo) Interest costs under alternative plans [LO6-3) Carmen's Beauty Solon has estimated monthly financing requirements for the next six months as follows: Short-term financing will be utilized for the next six months. Projected annualinterest rates are: a. Compute total doliar interest poyments for the six months. Notes Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent. b-1. Compute the total dollar interest payments if long-term financing at 12 percent had been utlized throughout the six monits? Note: Pound your monthly interest rate to 2 decimal ploces when expressed as a percent. Aound your interent payments to the nearest whole cent. Note: Pound you montherest 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. nearest whole cent. b-1. Compute the total dolar interest poyments if long-term financing at 12 percent had been ubired throughout the six montes? Noter Aound your monthly interest rate to 2 decimal places when expressed as a percen. Round your interest poyments fo the nearest whole cent. b-2. It long-term financing of 12 percent had been ulikted throughout the six months, would the total-dollar interest parments be iarger or smalier than with the short-term financing plan? Latger Smsiter