Suppose you borrowed $55,000 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. $45,699.38 b. $45,736.38 C. $45,717.88 d. $45,754.88 e. $45,773.38