The country of Sahara is negotiating a new loan agreement with a consortium of international banks. Both sides have a tentative agreement on the principal -- $220 million. But there are still wide differences of opinion on the final interest rate and maturity. The banks would like a shorter loan, 3 years in length, while Sahara would prefer a long maturity of 8 years. The banks also believe the interest rate will need to be 15.797% per annum, but Sahara believes that is too high, arguing for 11.287%. The payments will be made anually in either case. What is the difference in annual payment amounts between the two scenarios (Bank Vs. Country terms)?

Answer in millions to two decimals.