22. In order to purchase his home, Oscar Summers borrowed $32,000 from the bank at a rate of 10% and must repay it in 3 equal installments at the end of each of the next 3 years. What percentage of the payment in the second year represents principal payment? O a) 42.52% b) 90.83% c) 82.64% d) 50.36% e) 62.25%