Problem 6-8 Liz's Health Food Store has estima ted monthly financing requirements for the next six months as follows: January February March $9,600 Aprill 3,600 May 4,600 June $9,600 10,600 5,600 Short-term financing will be utilized for the next six months. Projected annual interest rates are January February March 5.0% April 6.0% May 9.0% June 12.0% 12.0% 12.0% a. Compute total dollar interest payments for the six months. To convert an annual rate to a monthly rate divide by 12. (Round intermediate calculations and final answers to 2 decimal places.) Total dollar interest payments 33s throughout the six months. Assume a long term rate is locked in on an interest only loan. Total dollar interest payments b-1. Compute the total dollar interest payments if long-term financing at 12 percent had been utilized b-2. If long-term financing at 12 percent had been utilized throughout the six months, would the total-dolla interest payments be larger or smaller? Smaller Larger