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Dan buys a property for $260,000. He is offered a 25 -year loan by the bank, at an interest rate of 8% per year. What

Dan buys a property for $260,000. 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. $24,356.48 B. $38,970.37 C. $29,227.78 D. $34,099.07

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