Question: necthtml -a ol Chapter Tools Help 06 Pre-Built Problems Saved You have just purchased a new warehouse. To finance the purchase, you've arranged for a

necthtml -a ol Chapter Tools Help 06 Pre-Built Problems Saved You have just purchased a new warehouse. To finance the purchase, you've arranged for a 35-year mortgage loan for 85 percent of the $3,500,000 purchase price. The monthly payment on this loan will be $17,600. a. What is the APR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal ok places, e.g., 32.16.) nt b. What is the EAR on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Annual percentage rate b. Effective annual rate Prev 9 of 10 Next

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