To raise funds for operating capital of his farm. Mr. Green applied for a $100,000 's installment loan from the local credit union on Jan 1st. The loan's annual interest rate is 12%, and the repayments are made seasonally. Mr. Green needs to pay off the loan in one year, li.e., after four equal payments. Table 1. Repayment Schedule of Mr. Green's Instaliment Loan *Note: Total payment (each period) = payment for interest + payment for principal In the above Table 1 . The payment for interest in the 1 st season is closest to $ 1000 2000 3000 4000 Question 19 In the above Table 1 the payment for principal in the 2 nd season is closest to $ 10,788 26,903 19.338 24,620 In the above Table 1 , the remaining principal balance after the 4th season's payment is closest to $ 100,000 26,903 0 3.000