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