A person was considering buying a house priced at $210,000. A mortgage company claimed the interest rate for the 20-year loan is 4.00%. The company also estimated that the points and Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees would be $12,000 in total.

8. What is the APR of the loan?

0.33%

4.00%

4.07%

4.81%

4.91%

None of above

could you please show me how to resolve this problem?