Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The new-car option: The new car costs $25,000 and can be financed with a three-year loan at 5.04%. The used-car option: A three-year old model of the same car costs $17,000 and can be financed with a four-year loan at 5.53%. P What is the difference in monthly payments between financing the new car and financing the used car? Use PMT= PA [-(-a) "I -nt The difference in monthly payments between financing the new car and financing the used car is $ (Round to the nearest cent as needed.)