You borrow $5,200 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 $2,091.00. which of the following is true for your payment at the end of year 2?
O interest is $520.00 and principal is $1,571.00.
O interest is $468.00 and principal is $1,623.00.
O interest is $362.90 and principal is $1,728.10.
O interest is $190.09 and principal is $1,900.91.