Suppose you borrowed $90,000 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?

Group of answer choices

$74,811.08

$80,047.86

$83,788.41

$77,803.53

$77,055.41