12.

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 $2,800,000 purchase price. The monthly payment on this loan will be $17,000.

Required:

What is the APR on this loan? a) 8.36% b) 7.52% c) 6.12% d) 8.05% e) 9.20% What is the EAR? a) 8.36% b) 8.96 c) 6.29% d) 7.82% e) 9.56% 11. Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 24 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7.0 percent, what is the present value of this liability? a) $154,562,950 b) $145,099,912 c) $177,475,411 d) $160,871,642 e) $157,717,296 Please answer these questions for me, thank you in advance!!