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-year loan, 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 loan. On the 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.)