RMX Company purchased a Truck on January 2 by signing a long-term $80,000 note payable with annual equal payments of $10,869.42. Interest on the note was 6%. If the note is for 10 years, how much is the total interest paid by the company over the whole period?

Select one:

a. $22,361.2.

b. $48,000.

c. $28,694.2.

d. Can not be calculated.