Ear versus apr you have just purchased a new warehouse to, Finance Basics

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Ear versus apr you have just purchased a new warehouse to

Question: EAR versus APR You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage for 80 percent of the $5, 200,000 purchase price. The monthly payment on this loan will be $27, 500. What is the APR on this loan? The EAR?

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