Problem 2 Your bank has offered you a loan which will allow you to purchase some warehouse space The bank is willing to lend You $ 750, 000. 00, you will make monthly payments of $ 7,500 per months starting one month from today . After 6 years (7 2 payments you will still owe $ 400,0oo oo and you can pay it of or refinance it with a loan from the bank at the time. If you accept the terms of this loan what is the interest rate you will be paying for the next six years. Express Answer as monthly rate, and APR and EPR