Norma took out a loan from the bank today for X. She plans to repay this loan by making payments of $820.00 per month for a certain amount of time. If the interest rate on the loan is 0.77 percent per month, she makes her first $820.00 payment later today, and she makes her final monthly payment of $820.00 in 12 months, then what is X, the amount of the loan?

An amount less than $9,400.00 or an anmount greater than $10,897.00An amount equal to or greater than $9,400.00 but less than $9,771.00An amount equal to or greater than $9,771.00 but less than $10,145.00An amount equal to or greater than $10,145.00 but less than $10,422.00An amount equal to or greater than $10,422.00 but less than $10,897.00