Suppose you borrowed $25.000 at a rate of 8.5% 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. $5,572.70 b. 55,108.30 c. 55,804,89 d. $4,469.77 e. $5,920.99 Suppose you borrowed $25.000 at a rate of 8.5% 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. $5,572.70 b. 55,108.30 c. 55,804,89 d. $4,469.77 e. $5,920.99