Reggie just purchased a used car for $8,795. He made a down payment of $2,000 and took out a four-year loan from the bank for the balance. The bank charges a 12 % annual rate but requires quarterly payments. The quarterly payment amount is closest to Question 13 2 pts Refer to the preceding problem: What is the total amount of interest Reggie will pay on the loan mentioned in the foregoing problem, assuming he makes all payments according to schedule? Proctoric4230 c