You borrow $380,000 to buy a house. The mortgage rate is 3.875 percent and the loan period is 30 years. Payments are made monthly,beginning one month from today. If you pay the mortgage according to the loan agreement, what will be your loan balance just after you make the 96^thmonthly payment? [ Youmake your monthlypayments for eight years].

A.$321,356

B.$268,739

C.$317,114

D.$253,308

E.$189,263