What is the apr on the loan

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Question: EAR versus APR You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage for 80 percent of the $5, 200,000 purchase price. The monthly payment on this loan will be $27, 500. What is the APR on this loan? The EAR?

Reference no: EM131969061

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What is the apr on the loan : EAR versus APR You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage for 80 percent of the $5, 200,000.

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