You are thinking about buying a car, and your local bank will lend you the $25,000 you need for the purchase. Under the terms of the loan agreement, it will be fully amortized over 5 years. The nominal annual interest rate will be 4%, with monthly payments. Over the life of the loan, how much interest will you have paid? $2,624.78 $3,122.44 $2,941.38 $3,221,63