Help Save & Exit 47. Newton Company borrowed $17,000 from the Prescott Bank by issuing a 11% three-year note. Newton agreed to repay the principal and interest by making annual payments in the amount of $6,957. Based on this information, the amount of the Interest expense associated with the second payment would be:(Round your answer to the nearest dollar.) 166 points Multiple Choice 00:31:05 $1,072 $1870 O $4,721 SU