Dan Buys a Property for $250,000

question 16

Multiple Choice

Dan buys a property for $250,000. He is offered a 20-year loan by the bank, at an interest rate of 6% per year. What is the annual loan payment Dan must make?

• A) $32,684.66
• B) $64,486.34
• C) $24,864.98
• D) $21,796.14

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Definitions:

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that intelligence is not a single entity but a plurality of eight different kinds of intelligences, including linguistic, logical-mathematical, and spatial.

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