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You have just purchased a new warehouse. To finance the purchase, you've arranged for a 3 0 - year mortgage loan for 8 0 percent
You have just purchased a new warehouse. To finance the purchase, you've arranged for a year mortgage loan for percent of the $ purchase price. The monthly payment on this loan will be $
a What is the APR on this loan? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the EAR on this loan? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Annual percentage rate,,
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