Dan Buys a Property for $250,000

question 69

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)$21,796.14
• B)$24,864.98
• C)$32,684.66
• D)$64,486.34
• E)$13,250.00

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Definitions:

Motivated

The condition of having a drive or willingness to act or work towards a goal, often driven by needs, desires, and rewards.

Daily Target

is a specific goal or objective set to be achieved within a single business day.

Focus

The act of directing attention or resources towards a specific goal or task.

Organization

An arranged group of people with a particular purpose, such as a business, government body, or charity.