Question
You have just purchased a new warehouse. To finance the purchase, youve arranged for a 31-year mortgage loan for 85 percent of the $3,310,000 purchase
You have just purchased a new warehouse. To finance the purchase, youve arranged for a 31-year mortgage loan for 85 percent of the $3,310,000 purchase price. The monthly payment on this loan will be $16,400. What is the APR on this loan?
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Better Than Alpha Three Steps To Capturing Excess Returns In A Changing World
Authors: Christopher M. Schelling
1st Edition
1264257651,126425766X
