Lionel recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Lionel's first payment is due on March 1st of the current year, how much interest expense will Lionel pay in the current year? Group of answer choices $2,524.64. $15,885.09. $16,288.63. $17,434.43