Fornelli Corporation Borrowed $480,000 from Central Bank on May 31

Fornelli Corporation borrowed $480,000 from Central Bank on May 31, 2013. The three-year, 7% note required annual payments of $182,904 beginning May 31, 2014. The total amount of interest to be paid over the life of the loan is

A) $33,600.
B) $68,712.
C) $134,082.
D) $100,800.