A company borrows $100,000 with interest at j12 = 9%. The loan is to be amortized by monthly payments of $1550 for as long as necessary. A final smaller payment will be calculated so the loan will be exactly repaid. The outstanding balance immediately after the 88th payment is $796.44. What is the value of the 89th and final payment?

A company borrows $100,000 with interest at j12=9%. The loan is to be amortized by monthly payments of $1550 for as long as necessary. A final smaller payment will be calculated so the loan will be exactly repaid. The outstanding balance immediately after the 88th payment is $796.44. What is the value of the 89th and final payment? A. $790.51 B. $796.44 C. $802.41 D. $808.43