The market rate for the risks that you pose is $7\mathrm{.}1\%.$ The car has a market value of $$36,000.$

Assume you have chosen Loan A$.$ How much interest do you pay in the second year of the loan? $[$Don$\text{'}$t round interim calculations$]$

Multiple Choice

$$7,330\mathrm{.}92$

$$5,460\mathrm{.}18$

$$1,142\mathrm{.}99$

$$2,524\mathrm{.}12$

None of the above