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You have just purchased a new warehouse. To finance the purchase, youve arranged for a 33-year mortgage loan for 75 percent of the $3,330,000 purchase

You have just purchased a new warehouse. To finance the purchase, youve arranged for a 33-year mortgage loan for 75 percent of the $3,330,000 purchase price. The monthly payment on this loan will be $16,600. What is the APR on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) APR % What is the EAR on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EAR %

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