A loan with the following terms is being made:

Fixed rate, constant monthly payment.

Five percent interest rate.

$$170,000$ mortgage loan amount.

$$2,500$ 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 $2$ decimal places.

APR

$\%$