Asked by MAX
                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 $2,300,000 purchase price. The monthly payment on this loan will be $15,000. Therefore, the APR on this loan is
            
            
        Answers
                    Answered by
            Writeacher
            
    Please type your <u>subject</u> in the <b>School Subject</b> box. Any other words, <u>including obscure abbreviations</u>, are likely to delay responses from a teacher who knows that subject well.
    
                    Answered by
            magriby
            
    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 $2,800,000 purchase price. The monthly payment on this loan will be $17,000. Therefore, the APR on this loan and the EAR 
    
                    Answered by
            Anonymous
            
    6.3
    
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