Award: $10\mathrm{.}00$ peintsOn the day you graduate from college you borrow $$35,000$ from your local bank for five years at $6\%.$ The terms stipulate that you will have to pay back in five equal annual installments. How much will you pay the bank in year $2$ for loan repayment?$2$P S$8,308\mathrm{.}872$ S$7,965\mathrm{.}33$ $$7,000\mathrm{.}000$ $$8,502\mathrm{.}67$ $$7,420\mathrm{.}00$