2. 45. EAR versus APR [LO 6.4] You have just purchased a new warehouse. To finance the...
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2. 45.
EAR versus APR [LO 6.4] You have just purchased a new warehouse. To finance the purchase, you have arranged for a 30-year mortgage loan for 80 per cent of the $3 400 000 purchase price. The monthly payment on this loan will be $16 500. What is the APR on this loan? The EAR?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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