Dan Buys a Property for $210,000

question 59

Multiple Choice

Dan buys a property for $210,000. He is offered a 30-year loan by the bank, at an interest rate of 8% per year. What is the annual loan payment Dan must make?

• A) $18,653.76
• B) $22,384.51
• C) $26,115.26
• D) $29,846.02

---

Definitions:

X Chromosome

One of the two sex chromosomes, the X chromosome plays a crucial role in determining genetic traits and can be found in both males (XY) and females (XX).

Autosomal

Relating to any chromosome that is not a sex chromosome; autosomes are numbered from 1 to 22 in humans.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time who have developed from two different eggs fertilized by two different sperm, sharing about 50% of their DNA.

Monozygotic Twins

Monozygotic twins are twins that originate from a single fertilized egg, thus sharing identical genetic material and typically having very similar appearances and physical traits.