On January 1, 2016, your sister's pet supplies business obtained a 30-year amortized mortgage loan for $150,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for 2016?

Select the correct answer.

a. $10,453.73

b. $10,451.73

c. $10,454.73

d. $10,452.73

e. $10,455.73