Carrie and Steve agree to a $149,000 mortgage at 5.5% annual interest for 30 years. They have a monthly payment of $846.01 and the interest paid in month one is $682.92. Assuming they only make the minimum payment in month one, what do you know about their loan?

a) The loan term is 25 years.
b) The loan term is 30 years.
c) The loan term is 20 years.
d) The loan term is 15 years.