Question
EAR versus APR You have just purchased a new warehouse. To fi nance the purchase, youve arranged for a 30-year mortgage loan for 80 percent
EAR versus APR You have just purchased a new warehouse. To fi nance the purchase, youve arranged for a 30-year mortgage loan for 80 percent of the $2,400,000 purchase price. The monthly payment on this loan will be $13,000. What is the APR on this loan? The EAR?
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
