Ricky Fowler needs to borrow $76,543 for seven years. The loan will be repaid in a single payment at the end of the loan term. Which one of the following interest rates is best for Ricky Fowler?

A.) 7.5% simple interest

B.) 7.6% simple interest

C.) 7.5% interest, compounded annually

D.) 7.75% interest, compounded annually