8-1. Determine the annual percentage rate per Regulation Z for the following mortgages: MORTGAGE COUPON RATE (%) MORTGAGE DISCOUNT MATURITY AMOUNT ($) POINTS (YEARS) APR A 11 100,000 500 30 B 10 100,000 2,500 30 C 8 100,000 3,000 15 8-2. 8-3. For Problem 8-1, which mortgage would you choose if you anticipated selling your residence at the end of (a) 1 year, (b) 5 years, (c) 15 years? Determine the APR of the following 30-year mortgage for the indicated holding periods (amount, $100,000; coupon, 10 percent; cost of discount points, $4,000).