[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
On December 1,Year 1,Bradley Corporation incurs a 15-year $200,000 mortgage liability in conjunction with the acquisition of an office building.This mortgage is payable in monthly installments of $2,400,which include interest computed at the rate of 12% per year.The first monthly payment is made on December 31,Year 1.
-Compute the total amount to be paid by Bradley over the 15-year life of the mortgage.

A) $200,000
B) $562,000
C) $432,000
D) $474,000