7. Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. You borrow $ 16,000 with a term of four years at an APR of 5% to buy a truck. What is your monthly payment? (Round your answer to the nearest cent.) $ How much total interest is paid? (Round your answer to the nearest cent.)