You borrow $6,000 at 10% per year and will pay off the loan in three equal annual payments starting 1 year after the loan is made. The end-of-year payments are $2,412.69. Which of the following is true for your payment at the end of year 2?

Multiple choice:

Interest is $418.73 and principal is $1,993.96.

Interest is $540.00 and principal is $1,872.69.

Interest is $219.34 and principal is $2,193.35.

Interest is $600.00 and principal is $1,812.69.