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You have just purchased a new warehouse. To finance the purchase, youve arranged for a 37-year mortgage loan for 75 percent of the $3,370,000 purchase

You have just purchased a new warehouse. To finance the purchase, youve 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. whats APR and EAR?

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