Question: How do you solve this without a financial calculator? Please specify equation used and steps You have just purchased a new warehouse. To finance the

How do you solve this without a financial calculator? Please specify equation used and steps

You have just purchased a new warehouse. To finance the purchase, you've a 35-year mortgage loan for 85 percent of the $3,800,000 purchase price. payment on this loan will be $17,900. a. What is the APR on this loan? (Do not round intermediate calculations ar your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the EAR on this loan? (Do not round intermediate calculations ar your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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