Sharon is thinking of buying of a car. After making down payment, she will finance $15,500. Sharon is presentedthree maturities. On the four-year loan, Sharon will pay $371.17 per month. On the five-year loan, Sharon's monthly payments will be $306.99. On the six-year loan, they will be $264.26. Find amount of interest which would be paid over life of each of these loans? Which must she select if she bases her decision completely on total interest paid? What factors other than interest must Sharon consider?
Choose one:
a. $546.01; $1,092.14; $1,638.25
b. $2,316.16; $2,919.40; $3,526.72
c. $5,903.24; $3,892.34; $2,680.78
d. $2,000.00; $2,500.00; $3,500.00