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QUESTION 4 John takes out a loan of $150,000 to buy a house. He is...

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QUESTION 4 John takes out a loan of $150,000 to buy a house. He is offered a 15-year loan by the bank, at an interest rate of 5% per year. That is, John must pay for the house with 15 equal annual 1. Finstallments, with an interest rate of 5%. What is the annual loan payment John must make? A. $17,160 "B. $17,812 c. $14,451 D. $13,526

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