Tuesday
August 4, 2015

Homework Help: Finance

Posted by lp on Sunday, November 17, 2013 at 8:08pm.

You have just purchased a new warehouse. To finance the purchase, you have arranged for a 30-year mortgage loan for 80 percent of the $2,800,000 purchase price. The monthly payment on the loan will be $22,000.

a. What is the effective annual rate (EAR) on this loan?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members