Dennis Lamenti wants to buy a new car that costs $15,177.57. He has two possible loans in mind. One loan is through the car dealer; it is a four-year add-on interest loan at 7 3/4% and requires a down payment of $1,000. The second is through his bank; it is a four-year simple interest amortized loan at 7 3/4% and requires a down payment of $1,000. (Round your answers to the nearest cent.) (a) Find the monthly payment for each loan. dealer     ? bank     ? (b) Find the total interest paid for each loan. dealer     ? bank     ?

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