You have just purchased a new warehouse. To finance the purchase, you've arranged for a $32-$year mortgage loan for $80$ percent of the $$3,320,000$ purchase price. The monthly payment on this loan will be $$16,500.$

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$.,32\mathrm{.}16.$

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$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ APR,,$\%$