Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The​ new-car option: The new car costs ​$26,000 and can be financed with a four​-year loan at 7.75​%. The​ used-car option: A​ three-year old model of the same car costs ​$16,000 and can be financed with a four​-year loan at 5.28​%. What is the difference in monthly payments between financing the new car and financing the used​ car?  ​(Round to the nearest cent as​ needed.

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