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4 Math 1206 Test 3 Questions: 25 Time: 120 min Dan buys a property for $200,000. He is offered a 30-year loan by the bank,
4 Math 1206 Test 3 Questions: 25 Time: 120 min Dan buys a property for $200,000. 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? 4 pts
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