You have just purchased a new warehouse. To financethe purchase, you've arranged for a 30-year mortgage loan

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You have just purchased a new warehouse. To financethe purchase, you've arranged for a 30-year mortgage loan for 80 percent of the$2,700,000 purchase price. The monthly payment on this loan will be $13,400. Whais the APR on this loan? The EAR?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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