Question
You have just purchased a new warehouse. To finance the purchase, youve arranged for a 33-year mortgage loan for 85 percent of the $3,230,000 purchase
You have just purchased a new warehouse. To finance the purchase, youve arranged for a 33-year mortgage loan for 85 percent of the $3,230,000 purchase price. The monthly payment on this loan will be $15,600.
What is the APR on this loan?
What is the EAR on this loan?
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Derivatives And Internal Models
Authors: Hans Peter Deutsch, Mark W. Beinker
5th Edition
3030229017, 9783030229016
