Peter buys a car worth $21,800 by putting a downpayment of 10% and taking a loan for the balance amount. The loan carries an interest rate of 3.99% over a period of 5 years and needs to be paid on a monthly basis. What is the total interest Peter is expected to pay over the life of the loan?

approximately $2,236
	approximately $2,091
	approximately $2,067
	approximately $2,055

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