Question
You have just purchased a new warehouse. To finance the purchase, youve arranged for a 35-year mortgage loan for 85 percent of the $3,500,000 purchase
| You have just purchased a new warehouse. To finance the purchase, youve arranged for a 35-year mortgage loan for 85 percent of the $3,500,000 purchase price. The monthly payment on this loan will be $17,600. |
| What is the APR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Annual percentage rate | % |
| What is the EAR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Effective annual rate | % |
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
