Dan Buys a Property for $250,000

question 10

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

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