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Please see questions 'fou hayejust purchased a new warehouse. To finance the purchase. you'ye arranged for a 30-year mortgage loan for 80 percent of the

Please see questions
'fou hayejust purchased a new warehouse. To finance the purchase. you'ye 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 $13000. a. What is the PR on this loan? Annual percentage rate b. What is the Eri'iR? Effective annual rate

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