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Loan Interest. Sharon is considering the purchase of a car, Alter making the down payment, she will finance $12,350. Sharon is offered three maturities. On

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Loan Interest. Sharon is considering the purchase of a car, Alter making the down payment, she will finance $12,350. Sharon is offered three maturities. On a four year loan, Sharon will pay $290.04 per month. On a five-year loan, Sharon's monthly payments will be $238.76 On a st-year loan, they will be 520468. Sharon rejects the four-year loan, as it is not within her budget. So, Sharon would pay $1,975.60 in interest over the life of the five-year loan. On the six-year loan, Sharon would pay $2,386.96 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) If 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 $. (Round to the nearest cent.) Loan Interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $12,350. Sharon is offered three maturities. On a four-year loan, Sharon will pay $290 04 per month On a five-year loan, Sharon's monthly payments will be $238.76. On a six-year loan, they will be $204.68 Sharon rejects the four year loan, as it is not within her budget. So, Sharon would pay $1,975.60 in interest over the life of the five-year loan. On the six-year loan, Sharon would pay $2,386.96 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.) If 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 (Round to the nearest cent.)

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