What is the apr on this loan

Reference no: EM131419413

EAR versus APR You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,400,000 purchase price. The monthly payment on this loan will be $13,500. What is the APR on this loan? The EAR?

Reference no: EM131419413

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What is the apr on this loan : EAR versus APR You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,400,000 purchase price. The monthly payment on this loan will be $13,500. What is the APR on this..

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