On November 1, 2013, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December 31, 2013?
A)$112,500.
B)$225,000.
C)$450,000.
D)$1,350,000.

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The Answer of On November 1, 2013, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December 31, 2013?
A)$112,500.
B)$225,000.
C)$450,000.
D)$1,350,000.

On November 1, 2013, Tim's Toys Borrows $30,000,000 at 9