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26) Dan buys a property for $410,000. He is offered a 20-year loan by the bank, at an interest rate of 7% per year. What
26) Dan buys a property for $410,000. He is offered a 20-year loan by the bank, at an interest rate of 7% per year. What is the annual loan payment Dan must make? A) $38,701.10 B) $41,759.41 C) $35,745.67 D) $21,778.75 27) Greg has $8,000 in his savings account and can save an additional $2,000 per year. If interest rates are 10\%, how long will it take his savings to grow to $200,000 ? A) 28.18 years B) 30.52 years C) 29.68 years D) 31.35 years
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