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Currie Company borrowed $29,000 from Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments

Currie Company borrowed $29,000 from Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $5,921. 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

$5,921

$3,190

$2,271

$2,890

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