Question
Can you do it bhu BA II plus??? You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage
Can you do it bhu BA II plus???
| 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 $2,200,000 purchase price. The monthly payment on this loan will be $12,000. |
Required:
| (a) | What is the APR on this loan? |
| (Click to select)6.52%7.24%7.96%5.14%7.02% |
| (b) | What is the EAR? |
| (Click to select)5.26%7.49%6.74%7.25%8.24% |
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World Finance Since 1914
Authors: Paul Einzig
1st Edition
0415539471, 978-0415539470
