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please show work. rew proviDUS Problem 5-43 EAR versus APR [LO 4] You have just purchased a new warehouse. To finance the purchase, you've arranged
please show work.
rew proviDUS Problem 5-43 EAR versus APR [LO 4] You have just purchased a new warehouse. To finance the purchase, you've arranged for a 37-year mortgage loan for 85 percent of the $3.270,000 purchase price. The monthly payment on this loan will be $16,000. a. 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., 32.16. b. 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., 32.16, a. APR 1.00% b. LAR 1:00 % A KLEY 15 16 Next > VW LAY (61) Ps T 64F Fe F11 FI FIZ PgUp Pytm W here to search 4 E R F C V % 5 O PN T B 6 Y H & 7 FO 8 J NM P 1 K F10 ( 9 F O L O P Ctrl PrtScr "K { t + F Insert } 1 1 Num th 7 4 GI 12:00 AM 6/12/207 1 B View pra Problem 5-21 Calculating Number of Periods [LO 2] One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $530 per month You will charge 93 percent per month interest on the overdue balance. If the current balance is $14.750, how long will it take for the account to be paid off? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16. Number of months 40.30 BAK Ps TH 64F 40) 201 F10 Dijon here to search E D $ 4 R FS V ar S 5 T B 6 Y H FB & 7 N FR * B M 9 1 K ( 9
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