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Dan buys a property for $250,000. He is offered a 20-year loan by the bank, at an interest rate of 6% per year. What is

Dan buys a property for $250,000. He is offered a 20-year loan by the bank, at an interest rate of 6% per year. What is the annual loan payment Dan must make?

1. 32,684

2. 24864

3. 21796

4.64486

WHICH IS THE CORRECT ANSWR OUT OF FOUR

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