you borrow 5000 at 10% per yearbook

(Question b). You borrow 5,000 at 10% per year and will pay off the loan in three equ annual payments starting 1 year after the loan is made. The end of year payments are 2010.57. Which of the following is true for your payment at the end of year 2? (a ) Interest is 500 and principal is 1510.57 (b) Interest is 450 and principal is 1560.57 (c) Interest is 348.94 and principal is 1661.63 ( d ) Interest is 182.78 and principal is 1827.79