Dennis Lamenti wants to buy a new car that costs $$15,869\mathrm{.}28.$ He has two possible loans in mind. One loan is through the car dealer; it is a four$-$year add$-$on interest loan at

$7$

$3$

$4$

$\%$

and requires a down payment of $$1,000.$ The second is through his bank; it is a four$-$year simple interest amortized loan at

$7$

$3$

$4$

$\%$

and requires a down payment of $$1,000.($Round your answers to the nearest cent.$)$