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On November 1, 2018, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is a six-month term and both principal

On November 1, 2018, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is a six-month term and both principal and interest are payable at maturity. What is the balance of loan interest payable of December 31, 2018?
a.$225,000
b.$1,350,000
c.$112,500
d.$450,000

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