Suppose you borrowed $80,000 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? a. $68,795.27 b.$61,424.35 c. $63,267.08 d. $74,323.46 e $66.338.29