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Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $23,000

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Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $23,000 at a rate of 48 year compounded monthly. Her bank is now charging 6.7%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installents, 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 fe of the loan by borrowing from the manufacturer instead of her bank? (Round your answers to the nearest cont.) Interest paid to manufacturer interest paid to bank savings

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