Riley Co. is considering a short-term or long-term financing plan of $4,000,000 assets. It expects the following one-year interest rates over the next three years: 6.5%, 7.75% and 9%. The long-term interest rate will be 7.5% during those three years. What will be the difference in interest costs over the three years? Multiple Choice Long term interest will be $630,000 more than short-term interest Long term interest will be $30,000 less than short-term interest Long-term interest will be $140.000 less than short-term interest None of the options are true