10- Sue wants to buy a car that costs $ 12,000. She has arranged to request your credit union for a loan for the total to a simple interest rate of 12%. The loan requires quarterly payments over three years. If the first payment is due within three months (one quarter) after buying the car , what is the amount of quarterly payments on the loan will be Sue ?

a.

1,205.55

b.

1,265.55

c.

1,105.55

d.

1,505.55