You have borrowed a loan of $20,000 from a bank to buy a car from Chase at the interest rate of 7.5% each year. You have promised Chase to make annual mortgage style payments. If you want to borrow this loan for three years, what is the beginning balance in year 2? Select one: a. $20,000.00 b. $18,850.00 c. $ 12,309.25 d. $ 13,809.25 e. None of the above