Your bank offers to lend you $96,300 at a 9.3% 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. $15,204.20

b. $8,374.81

c. $13,910.52

d. $8,955.90

e. $8,495.12