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You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 per
Posted: Sun Jul 03, 2022 6:44 am
by answerhappygod
- You Have Just Purchased A New Warehouse To Finance The Purchase You Ve Arranged For A 30 Year Mortgage Loan For 80 Per 1 (42.21 KiB) Viewed 10 times
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,600,000 purchase price. The monthly payment on this loan will be $16,700. What is the APR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual percentage rate % What is the EAR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual rate %