Mr. Tramp made a mortgage 5 years ago for $85,000 at 8.25 percent interest and a 15-year term. Rates have now risen to 10 percent for an equivalent loan. Mr. Tramp's lender is willing to discount the loan by $1,000 if he will prepay the loan. What rate of return would Mr. Tramp receive by prepaying the loan?

Group of answer choices

8.95%

8.60%

10.24%

10.32%