Question
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30- year mortgage loan for 80 percent of the $2,900,000
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30- year mortgage loan for 80 percent of the $2,900,000 purchase price. The monthly payment on this loan will be $14,900. What is the APR on this loan? The EAR?
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
1285462726, 1285462721, 978-1285462721
