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Dan buys a property for $230,000. He is offered a 20-year loan by the bank, at an interest rate of 9% per year. What is

Dan buys a property for $230,000. He is offered a 20-year loan by the bank, at an interest rate of 9% per year. What is the annual loan payment Dan must make? A. $40,313.10 B. $30,234.83 C. $25,195.69 D. $35,273.97

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