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  3. okay, so my question is.. for the apr, how do you

Okay, so my question is.. for the APR, how do you get the interest rate...

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Finance

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Okay, so my question is.. for the APR, how do you get the interest rate of .762 %. When multiplied by the 12 months for annual rate, it becomes 9.15% becoming the correct answer. The only way to get it is by using a Financial calculator. For some reason I can't seem to get the correct interest rate of .762.

I have N: PMT: FV: :PV I%: P/Y: and C/Y

What do I input into this, in order to get .762%. Is it even possible? Hope you can help... Once I get that .762 I can also solve for EAR easily...

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. a. What is the APR on this loan? Annual percentage rate 9.15% b. What is the EAR? Effective annual rate 9.54%

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