Question: don't know how to solve, think I need to do it on a financial calculator but once again, no idea how to do that either..

don't know how to solve, think I need to do it

don't know how to solve, think I need to do it on a financial calculator but once again, no idea how to do that either.. Please show work if you can

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 $2,300,000 purchase price. The monthly payment on this loan will be $15,000. a. What is the APR on this loan? Annual percentage rate b. What is the EAR? Effective annual rate

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