Currie Company borrowed $$20,000$ from Sierra Bank by issuing a$($n$)11\%$ three$-$year note. Currie agreed

to repay the principal and interest by making annual payments in the amount of $$5,021.$ Based on this

information, what is the amount of the interest expense associated with the second payment? $($Round

your answer to the nearest dollar.$)$

Multiple Choice

$$1,371$

$$1,890$

$$2,200$

$$5,021$