Similar to the example in your text, calculate and present in a chart the cost of borrowing based upon:

$=$ Principal borrowed of $89,000$

$12$ Annual payments a year

$=$ Monthly payments are $$1,100$

$=8\mathrm{.}75\%$ interest rate

$72$ total payments

Period interest rate $1\%$

What would be the final

payment$/$balloon payment due on month $72$ to be settled with this obligation?

Can you please solve and explain? Excel chart would also be helpful!