Finance Question Please Help?
You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 35-year mortgage loan for 70 percent of the $ 2,900,000 purchase price. The monthly payment on this loan will be $ 11,236. Therefore, the APR on this loan is percent and the EAR is percent. (Input answers as percents rounded to 2 decimal places, without the percent sign.)