In October 2009, Wal-Mart started selling caskets on its website that undercut many funeral homes. Prices ranged from $999 for steel models such as Dad Remembered to $3199 for the Sienna Bronze casket. Part of the business model is to get people to plan ahead, so the company is allowing people to pay for the caskets over a 12-month period with no interest. An individual purchased a Sienna Bronze casket and made 12 equal monthly payments (in months 1 through 12) at no interest. How much did this person save each month compared to another person who paid an interest rate of 6% per year, compounded monthly?