Kelly Robins is considering purchasing a used automobile. The price including the title and taxes is $15,455. Kelly is able to make a $2,455 down payment. The balance of $13,000 will be borrowed from his credit union at an interest rate of 9.45% compounded daily. The loan should be paid in 36 equal monthly payments. Compute the monthly payment. What is the total amount of interest Kelly has to pay over the life of the loan?