] 28, NH C5 Mc147 You plan to borrow $42,500 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? $3,417.37 $2,703.80 O $2,401.21 O $2,824.76 $3,004,22