Dennis Lamenti wants to buy a new car that costs $15,543.77. 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.)