Solve the Problem $\$ 250$ He Agrees to Take a One-Year Loan for the Cash

Multiple Choice

Solve the problem.
-Julio buys a bike which has a cash price of $\$ 250$ . He agrees to take a one-year loan for the entire amount at $27 \%$ , payable in 12 installments. After 8 of the 12 payments, he gets some birthday money and decides to pay off his loan. Find the unpaid balance.

A) $\$ 88.72$
B) $\$ 288.00$
C) $\$ 90.83$
D) $\$ 159.17$