11. Dennis Lamenti wants to buy a new car that costs $15,829.32. 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% and requires a down payment of $1,000. The second is through his bank; it is a four-year simple interest amortized loan at at 7% and requires a down payment of $1,000. a. Find the monthly payment for each loan. b. Find the total interest paid for each loan. c. Which loan should Dennis choose? Why?​