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,

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?

1 Answer

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 p…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions