Homework: Chapter 9 Homework Question 18, Planning #6 (similar to): Loan Interest Part 1 of 2 HW Score: 78.33%, 15.67 of 20 points O Points: 0 of 1 Loan Interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $17,050. Sharon is offered three maturities. On a four-year loan, Sharon will pay $408.28 per month. On a five-s Sharon's monthly payments will be $337.61. On a six-year loan, they will be $290.69. Sharon rejects the four-year loan, as it is not within her budget. So, Sharon would pay $3,206 60 in interest over the life of the five-year six-year loan, Sharon would pay $3,879.68 in interest. If Sharon had been able to afford the four-year loan, how much interest would she 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.)