Question
1. You have just purchased a new warehouse. To finance the purchase, youve arranged for a 25-year mortgage loan for 75 percent of the $3,900,000
1.
| You have just purchased a new warehouse. To finance the purchase, youve arranged for a 25-year mortgage loan for 75 percent of the $3,900,000 purchase price. The monthly payment on this loan will be $18,000. |
1.
| What is the APR on this loan? |
2.What is the EAR on this loan?
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Finance And Sustainability
Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková
1st Edition
3030344037, 978-3030344030
