Suppose you borrowed $100,000 at a rate of 8.9% 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? O a. $14,646.90 O b. $16,742.57 O c. $23,546.90 O d. $25,642.57 e. $20,000.00