Bulk Purchases just purchased a new warehouse. To finance the purchase, the firm arranged for a 25-year mortgage for 80 percent of the $1,800,000 purchase price. The monthly payment is $10,800. What is the APR? The EAR? 7.67 percent; 7.94 percent 7.67 percent; 8.03 percent 7.72 percent; 7.94 percent 7.72 percent; 8.03 percent 7.75 percent; 8.03 percent