Suzie took a $156435, 24-year bank loan at j12=8.29% p.a. to purchase an investment property. She agreed to make payments consistently at the end of each month. Suzie learnt that you are studying financial maths, so she asked you to determine (without making a huge amortization table) the interest portion from the payment made in month 229.

A.

$829.18

B.

$1253.27

C.

$61388.05

D.

$424.09