You have just purchased a new warehouse. To finance the purchase, you've 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 $2,500,000 purchase price. The monthly payment on this loan will be $13,400. What is the APR on this loan? The EAR?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 07:12 AM

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You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage

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Essentials Of Corporate Finance

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