Loan Interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $21.530. Sharon is offered three maturities on four-year loan, Sharon will pay $515.56 per month. On a five-year loan, Sharon's monthly payments will be $426.32. On a six-year loan, they will be $367 0 Sharon rejects the four-year loan, as it is not within her budget. So, Sharon would pay $4,049.20 in interest over the life of the five-year loan. On the six year loan Sharon would pay $4,899.04 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)