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You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 36-year mortgage loan for 80 percent of the $3,360,000 purchase price. The monthly payment on this loan will be $16,900. What is the APR on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) APR % What is the EAR on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EAR %?

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Financial Management, Finance

Category:- Financial Management
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