You have just purchased a new warehouse. To finance the purchase, youve arranged for a 30-year mortgage
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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 $3.3 million purchase price. The monthly payment on this loan will be $16,250. What is the APR on this loan? The EAR?
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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