Question
41. EAR versus APR You have just purchased a new warehouse. To finance the purchase, youve arranged for a 30-year mortgage loan for 80 percent
41. EAR versus APR You have just purchased a new warehouse. To finance the purchase, youve arranged for a 30-year mortgage loan for 80 percent of the $3.9 million purchase price. The monthly payment on this loan will be $18,250. What is the APR on this loan? The EAR?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
