2. Home loans typically involve "points," which are fees charged by the lender. Each point charged means that the borrower must pay 1% of the loan amount as a fee. For example, if the loan is fo $100,000 and 2 points are charged, the loan repayment schedule is calculated on a $100,000 loar but the net anount the borrower receives is only $98,000. Assume the interest rate is8% pe year. What is the effective annual interest rate charged on such a loan, assuming loan repaymen occurs over 360 months? A) 0.65% B) 0.68% C) 7.79% D) 8.21%