Question: ari File Edit View History Bookmarks Window Help 4.00 points Carmen's Beauty Salon has estimated monthly financing requirements for the next sik months as follows:
ari File Edit View History Bookmarks Window Help 4.00 points Carmen's Beauty Salon has estimated monthly financing requirements for the next sik months as follows: $ 9,000 Apri$9,000 10,000 5,000 January February3,000 May March 4,000 June Shor-term financing will be utlized for the next six months. Projected annual interest rates are: 9.0% April February 10.0% May 130% ne 16.0% 12.0% 12.0% March a. Compute total dolar interest payments for the six months (Round your monthly interest rate to 2 declimal places when expressed as a percent. Round your interest payments to the nearest whole cent.) Total dollar interest payments 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 to the nearest whole cent.)
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