Assume the following information for a car note:

Original loan amount $=$$$22,000$ Annual interest rate $=6\mathrm{.}90\%$ Term of loan $=48$ months

For year two, how much interest and principal was paid, and what is the balance due at the

end of year two?

$$5,328\mathrm{.}79$ of principal; $$980\mathrm{.}78$ of interest; balance due $$11,297\mathrm{.}43$

$$5,228\mathrm{.}37$ of principal; $$1,045\mathrm{.}12$ of interest; balance due $$12,284\mathrm{.}91$

$$5,268\mathrm{.}04$ of principal; $$1,041\mathrm{.}54$ of interest; balance due $$12,211\mathrm{.}22$

$$5,268\mathrm{.}04$ of principal; $$1,005\mathrm{.}44$ of interest; balance due $$11,688\mathrm{.}43$

$$5,298\mathrm{.}36$ of principal; $$1,011\mathrm{.}24$ of interest; balance due $$11,755\mathrm{.}56$