Sandusky Company borrowed $17,000 from the Lakeside Bank by issuing a 11% four-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $5,479.55. Based on this information, the amount of the interest expense associated with the second payment would be: (round your answer to the nearest dollar) O $1.870 o $1,473. O $609. O $1,827