Dennis Lamenti wants to buy a new car that costs $15,284.19. 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.)

A) Find the monthly payment for each loan

B) Find the total interest paid for each loan