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Dan buys a property for $220,000 . He is offered a 30-year loan by the bank, at an interest rate of 7% per year. What

Dan buys a property for $220,000 . He is offered a 30-year loan by the bank, at an interest rate of 7% per year. What is the annual loan payment Dan must make?

a. $17,729.01

b. $21,274.81

c. $24,820,61

d. $28,366.42

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