Sharon is considering the purchase of a car. After making the down payment, she will finance $23,740.00. Sharon is offered three maturities. On a four-year loan, Sharon will pay $ 579.56 per month. On a five-year loan, Sharon's monthly payments will be $481.36. On a six-year loan, they will be $416.24. Sharon rejects the four-year loan, as it is not within her budget. How much interest will Sharon pay over the life of the loan on the five-year loan? How much interest will Sharon pay over the life of the loan on the six-year loan? Which should she choose if she bases her decision solely on total interest paid?

The amount of interest Sharon will pay over the life of the loan on the five-year loan is $