You plan to borrow $32,400 at a 6.8% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? O a. $5,970.07 b. $5,589.95 O c. $1,947.05 O d. $1,972.90 Oe. $2,203.20 O Icon Key

You plan to borrow $32,400 at a 6,8% anmal interest rate. The terms require you to amortize the loan with 7 equal end-of y war paymeats. Honv much interest would you be paying in Xear 2 ? a. 55970.07 b. 55,539.95 c. 51,94705 d. 3137290 e. 12.20320