Your credit card has a balance of $$2900$ and an annual interest rate of $18\%.$ You decide to pay off the balance over four years. If there are no further purchases charged to the card, you must pay $$85\mathrm{.}19$ each month, and you will pay a total interest of $$1189\mathrm{.}12.$ Assume you decide to pay off the balance over one year rather than four. How much more must you pay each month and how much less will you pay in total interest?

Use PMT $=\frac{P(\frac{r}{n})}{1-(1+\frac{r}{n}{)}^{-nt}}$ to determine the regular payment amount.

You will pay $ more each month.

$($Round to the nearest cent as needed.$)$