Question: same question. please answer both parts san Interest. Sharon is considering the purchase of a car. Afler making the down payment, she will finance $23,660.00.

same question. please answer both parts
same question. please answer both parts san Interest. Sharon is considering the
purchase of a car. Afler making the down payment, she will finance

san Interest. Sharon is considering the purchase of a car. Afler making the down payment, she will finance $23,660.00. Sharon is offered three maturities. On a four-year loan, haron will pay $588.78 per month, On a five-year loan, Sharon's monthly payments will be $491.14. On a six-year loan, they will be \$426.48. Sharon rejects the four-year loan, as 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 bie of the loan on the x-year loan? Which should she choose if she bases her decision solely on total interest paid? The amount of inferest Sharon will pay over the lif of the loan on the five-year loan is 3 (Round to the nearest cent.) The amount of interest Sharon will pay over the life of the loan on the six-year loan is 5 (Round to the nearest cent.) Which should she choose if the bases her decision sclely on total interest paid? (Select the best answer below.) on the 5 year loan. 8. Based solely co total interest paid, Shawon should choose the 6yeat loan. She would pay 55,008.40 in interest, which ia less than the 37,046.56 she would pay in intereit. on the 6yoar loan

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