Suppose you borrowed $35,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? Select the correct answer. a. $29,056.30 b. $29,105.50 c. $29,068.60 d. $29,093.20 e. $29,080.90