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A loan of $15,000 is to be repaid in 4 equal payments (over 4 years) and the interest rate is 10% per year. Determine the

A loan of $15,000 is to be repaid in 4 equal payments (over 4 years) and the interest rate is 10% per year. Determine the principal repayment amount at end of year 2? mot O a. $2,10,562 O b. $3,232.06 c. $3,910.79 d. $3,0,070 e. $3,555.27

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