You have just purchased a new warehouse. To finance the purchase, you've arranged for a 37-year mortgage loan for 75 percent of the $3,370,000 purchase price. The monthly payment on this loan will be $17,000. Requirement 1: What is the APR on this loan? (Round your answer as directed, but do not use rounded numbers In Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g. 32.16).) Requirement 2 : What is the EAR on this loan? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)