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Q < K Question 7 of 13 > yogesh kainwal 06/08/23 This quiz: 15 point(s) possible This question: 2 point(s) possible S Sharon is considering
Q < K Question 7 of 13 > yogesh kainwal 06/08/23 This quiz: 15 point(s) possible This question: 2 point(s) possible S Sharon is considering the purchase of a car. After making the down payment, she will finance $14,000. She is offered three maturities. On a four-year loan, Sharon will pay $355.08 per month O loan, her monthly payments will be $297.46. On a six-year loan, they will be $259.36. Sharon rejects the four-year loan, as it is not within her budget. How much interest will Sharon pay over the the five-year loan? On the six-year loan? Which should she choose if she bases her decision solely on the total interest paid? The total interest paid over the life of the loan on the five-year loan will equal $. (Round to the nearest cent.) (Round to the nearest cent.) The total interest paid over the life of the loan on the six-year loan will equal $ If Sharon bases her decision solely on the total interest paid, she should choose
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