In order to obtain the loan in question #12, you had to pay a 0.50% origination fee and 1.5 discount points. If the loan also came with $2,250 in third-party closing costs, what is the effective borrowing cost of this loan if you pay off the loan at the end of the 12th year? a. 6.87% b. 7.02% c. 7.54% d. 7.68% e. None of the above