ou have just purchased a new warehouse. To finance the purchase, you$$ve arranged for a $33-$year mortgage loan for $85$ percent of the $$3,230,000$ purchase price. The monthly payment on this loan will be $$15,600.$

What is the APR on this loan?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is the EAR on this loan?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$