What is the apr on this loan and what is the ear

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Reference no: EM131308201

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 $2,700,000 purchase price. The monthly payment on this loan will be $16,000. Required: (a) What is the APR on this loan? (b) What is the EAR?

Reference no: EM131308201

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What is the apr on this loan and what is the ear : 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 $2,700,000 purchase price. The monthly payment on this loan will be $16,000. Required: What is the APR on this loan? W..

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