A businessman borrowed $$1,500,000$ from the bank to finance new equipment for his food co$-$packing factory. The loan is being paid back in uniform annual payments of $$79,350,$ which corresponds to at an annual interest rate of of $2\%$ over $24$ years.

What is the balance on the loan immediately after making the $8$ th annual payment?

A$.$ $$1,077,390$

B$.$ $$581,278$

C$.$ $$1,099,794$

D$.$ $$865,200$