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? What is the EAR on this loan?
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Return Distributions In Finance
Authors: Stephen Satchell, John Knight
1st Edition
0750647515, 978-0750647519
