12. You currently owe $54,632.98 on your mortgage loan, with an interest rate of 10.4%. Interest rates are currently 9.8%, and you are thinking about refinancing, in which case you will borrow $60,000 for 20 years. You will incur loan costs of $1,780 on the new loan (payable in cash when you get the loan), and you must pay a prepayment penalty of $2,500 on the old loan for paying it off early. Calculate your APR on the new loan assuming you pay off the new loan in 7 years (there is no prepayment penalty on the new loan)