Barry Wood wants to buy a used car that costs $4,000. He has two possible loans in mind. One loan is through the car dealer; it is a three-year add-on interest loan at 5% and requires a down payment of $300. The second is through his credit union; it is a three-year simple interest amortized loan at 8.5% and requires a 10% down payment. (Round your answers to the nearest cent.) (a) Find the monthly payment for each loan. dealer credit union $ (b) Find the total interest paid for each loan. dealer credit union $ (C) Which loan should Barry choose? Why? He should choose the car dealer add-on interest loan because he pays less interest. He should choose the credit union simple interest loan because he pays less interest