You borrow \($5\),000 at 10 percent 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 \($2\),010.57. Which of the following is true for your payment at the end of year 2?

a. Interest is \($500\) and principal is \($1\),510.57.

b. Interest is \($450\) and principal is \($1\),560.57.

c. Interest is \($348.94\) and principal is \($1\),661.63.

d. Interest is \($182.78\) and principal is \($1\),827.79.