You have just purchased a new warehouse. to finance the purchase, you’ve arranged for a 30-year mortgage for 80 percent of the $3,700,000 purchase price. the monthly payment on this loan will be $17,800. 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? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) effective annual rate %

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.