You plan to borrow $49,900 at an 8.0% 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? a. $3,992.00 b. $3,601.40 c. $3,544.61 d. $9,584.41 e. $8,874.46 Your bank offers to lend you $90,800 at an 8.6% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2? a. $13,900.34 b. $12,799.58 C. $7,284.93 d. $7,808.80 e. $7,379.59