Problem $5-23$ Loan Payments $($LG$5-9)$

You wish to buy a $$29,500$ car. The dealer offers you a $4-$year loan with a $10\mathrm{.}8$ percent APR. What are the monthly payments?

How would the payment differ if you paid interest only?

Note: Do not round intermediate calculations and round your final answers to $2$ decimal places.

$\backslash$table$[[$Monthly payment,$],[$Interest only payment,$]]$