Problem $4-41$ EAR versus APR

You have just purchased a new warehouse. To finance the purchase, you've arranged for a $25-$year mortgage for $75$ percent of the

$$3,000,000$ purchase price. The monthly payment on this loan will be $$17,100.$

a$.$ What is the APR on this loan?

b$.$ What is the EAR on this loan?

Note: For all requirements, do not round Intermedlate calculations and enter your answers as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.$

a$.$ APR

b$.$ EAR