Close 2.2 Interest Rates on Personal Loans 1 correc 6 of 6 (1 complete) Planning #6 (similar to): Loan Interest Question Help Loan Interest. Sharon is considering the purchase of a car. Alter making the down payment, she will finance $18.770. Sharon is offered three maturities On a four-year loan, Sharon will pay $449.47 per month On afve your loan, Sharon's monthly payments will be $371.67. On a six-year loan, they will be $320.01. Sharon rejects the four year loan, as it is not within her budget. So, Sharon would pay $3,530 20 in interest over the Ife of the five-year loan. On the six-year loan, Sharon would pay $4.270.72 in interest. If Sharon had been able to afford the four year ban, how much interont would sho have saved compared to the five-year loan? The interest Sharon would have paid on the four-year loan is (Round to the nearest cent)