A lady plans to buy a new car for $18,859 with $1,600 down and plans to finance the car. Citizens' Financial Bank quoted a finance charge at 8.5% for 48 months; Charter One Bank quoted him a finance charge at 8% for 60 months.

Solve for..

A) What would be his monthly payment to Citizens' Financial Bank?

B) What would be his monthly payment to Charter One Bank?

C) How much more would his monthly payment be on the 48-month loan?

Round all answers to the nearest cent, and do not round intermediate calculations