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Dan buys a property for $200,000. He is offered a 25-year loan by the bank, at an interest rate of 8% per year. What is

Dan buys a property for $200,000. He is offered a 25-year loan by the bank, at an interest rate of 8% per year. What is the annual loan payment Dan must make?

A. $22,482.91

B. $26,230.06

C. $29,977.22

D. $18,735.76

(please explain your work)

would be great if you can show how to use finance calculator to get the answr

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