Sharon is considering the purchase of a car. After making the down payment, she will finance $16,000. She is offered three maturities. On a four-year loan, Sharon will pay $368.47 per month. On a five-year loan, her monthly payments will be $301.94. On a six-year loan, they will be $257.68. 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