Suppose you borrowed $30,000 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? Select the correct answer. a. 35,068,07 b. 55,052.77 c. 15,062.97 d. 55,073,17 e. 55,057.87