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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 7 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 sa purchase price. The monthly payment on this loan will be $ Hint: Please remember the Excel formula note: I prefer to use the BA iI Plus as it is faster from slide of chapter which is RATEperpmtpufv, ; however, for this question we must adjust this formuis. You know that your psyments are cash outflows negative but you have to determine whether that Ian is a cash inflow postive or outflow negstive and whether it is a FV or PV Also, you need to adjust this formule for whethe the payment is at she beginning or and O of the period.a What & the APR on this loan?Note: Do not round intermediste calculistions and enter your answer as a percent rounded to decimal places, egB What is the EAR on this loan?Note: Do not round intermediste calculstions and enter your answer as a percent rounded to decimal places, eg
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