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You have just purchased a new warehouse. To finance the purchase, youve arranged for a 30-year mortgage loan for 80 percent of the $3,200,000 purchase

You have just purchased a new warehouse. To finance the purchase, youve arranged for a 30-year mortgage loan for 80 percent of the $3,200,000 purchase price. The monthly payment on this loan will be $13,100. What is the APR on this loan?

5.10%

5.01%

4.58%

7.09%

6.93%

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