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A botanist secures a 30-year mortgage for $515,000 at an annual interest rate of 3.125% with 1.3 points. The loan origination fee is 0.85 points

A botanist secures a 30-year mortgage for $515,000 at an annual interest rate of 3.125% with 1.3 points. The loan origination fee is 0.85 points of the loan amount. Find the APR (in percent) for the loan. Round to the nearest thousandth of a percent. (See Example 9 in this section.)

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