You borrowed $$120,000$ and must repay $$140,000$ in exactly $6$ years from today. Interest is compounded annually. What is the annual interest rate of the loan?

Select one:

a$.2\mathrm{.}60\%$

b$.3\mathrm{.}11\%$

c$.3\mathrm{.}45\%$

d$.2\mathrm{.}78\%$