Question $21$ of $30$

Suppose you borrowed $$25,000$ at a rate of $8\mathrm{.}9\%$ and must repay it in $5$ equal installments at the end of each of the next $5$ years. By how much would you reduce the amount you owe in the first year?

a$.$ $$5,000\mathrm{.}00$

b$.$ $$4,185\mathrm{.}64$

c$.$ $$5,886\mathrm{.}72$

d$.$ $$6,410\mathrm{.}64$

e$.$ $$3,661\mathrm{.}72$