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
Correct Answer:
Verified
Correct Answer:
Verified
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