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You have just purchased a new warehouse. To finance the purchase, you ve arranged for a 3 2 - year mortgage loan for 8 0
You have just purchased a new warehouse. To finance the purchase, youve arranged for a year mortgage loan for percent of the $ purchase price. The monthly payment on this loan will be $ Hint: Please remember the Excel formula which isRATEnperpmtpvfv; however, for this question we must adjust this formula. You know that your payments are cash outflows negative but you have to determinewhether that loan is a cash inflow positive or outflow negative and whether it is a FV or PV Also, you need to adjust this formula for whether the payment is at the beginning or end of the period.
What is the APR on this loan?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
What is the EAR on this loan?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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