Sharon is considering the purchase of a car. After making the down payment, she will finance $15,500. She is offered three maturities. On a four-year loan, Sharon will pay $393.12 per month. On a five-year loan, her monthly payments will be $329.33. On a six-year loan, they will be $287.15. 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? 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.) The total interest paid over the life of the loan on the six-year loan will equal $(Round to the nearest cent.) If Sharon bases her decision solely on the total interest paid, she should choose 3