On January 1, 2012, Your Sister's Pet Supplies Business Obtained

On January 1, 2012, your sister's pet supplies business obtained a 30-year amortized mortgage loan for $250, 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 2012?

A) $17, 419.55
B) $17, 593.75
C) $17, 769.68
D) $17, 947.38
E) $18, 126.85