A loan with the following terms is being made:

Fixed rate, constant monthly payment. Closing date February $9$th$.$

Five percent interest rate. Prepaid interest due at closing.

$$95,000$ mortgage loan amount.

$$1,750$ loan discount points to be paid by the buyer or borrower to the lender.

$25-$year term, monthly payments, fully amortizing.

Required:

Calculate the APR for federal truth$-$in$-$lending purposes.

Note: $($Do not round intermediate calculations. Round your final answer to two decimal places.$)$