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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 $4,000,000 purchase price. the monthly payment on this loan will be $18,100. what is the apr on this loan? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,

e.g., 32.16.) annual percentage rate % what is the ear on this loan?

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Answer:

Please see attachment

Step-by-step explanation:

Please see attachment

You have just purchased a new warehouse. to finance the purchase, you've arranged-example-1
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