4 Suppose you borrowed $50,000 at a rate of 7.9% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $42,374.62 O b. $38,424.62 O c. $41,460.17 O d. $40,000.00 O e. $37,510.17

Suppose you borrowed $50,000 at a rate of 7.9% and must repay it in 5 equal installments the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? a. $42,374.62 b. $38,424.62 c. $41,460.17 d. $40,000.00 e. $37,510.17