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. Loan Interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $20,180 Sharon is offered three maturities.

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. Loan Interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $20,180 Sharon is offered three maturities. On a four-year loan, Sharon will pay $473 93 per month On a five-year loan, Sharon's monthly payments will be $390 14. On a six-year loan, they will be $334 44 Sharon rojects the four-year loan, as it is not within her budget So, Sharon would pay $3.228.40 in interest over the life of the five-year loan on the six-year loan, Sharon would pay $3,699.68 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) Sharon had been able to afford the four year loan, the amount of interest she would have saved compared to the five-year loan is $0 (Round to the nearest cent.)

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