Suppose you are getting a loan from a bank to purchase a feed business. The interest rate on the loan is 5 percent, the amount of the loan is $1,000,000. The loan Is for 10 years. The bank is charging...

Suppose you are getting a loan from a bank to purchase a feed business. The interest rate on the loan is 5 percent, the amount of the loan is $1,000,000. The loan Is for 10 years. The bank is charging you $40,000 for the loan in cash on the day of closing, what is the APR?