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

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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

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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

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