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41 point You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30 -year mortgage loan for 80 percent of

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41 point 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 $3,000,000 purchase price. The monthly payment on this loan will be $12.900. What is the APR on this loain? 5,10% 6.935 7.09% 4.58% 5.01%

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