Darla purchased a new car during a special sales promotion by tbe manufacturer. She secured a loan from the manufacturer in the amount of $15,000 at a rate of 4.9%/year compounded monthly. Her bank is now charging 6.9%/year compounded monthly for her new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3 years for each loan. How much less will she have paid in interest payments over the life of the loan by borrowing from the manufactrer instead of her bank? (Round answers to the nearest cent)

Interest to paid manufactrer:

Interest paid to bank:

Savings: