P2 (45 points): A mortgage banker is originating a level-payment mortgage with the following terms: Annual interest rate: 8 percent Loan term: 15 years Payment frequency: monthly Loan amount: $200,000 Total up-front financing costs (including discount points): $5,000 Discount points to lender: $2,000 1. Calculate the annual percentage rate (APR) for Truth-in-Lending purposes. 2. Calculate the effective borrowing costs with prepayment in five years. 3. Calculate the lender's yield with no prepayment. 4. Calculate the lender's yield with prepayment is five years. P2 (45 points): A mortgage banker is originating a level-payment mortgage with the following terms: Annual interest rate: 8 percent Loan term: 15 years Payment frequency: monthly Loan amount: $200,000 Total up-front financing costs (including discount points): $5,000 Discount points to lender: $2,000 1. Calculate the annual percentage rate (APR) for Truth-in-Lending purposes. 2. Calculate the effective borrowing costs with prepayment in five years. 3. Calculate the lender's yield with no prepayment. 4. Calculate the lender's yield with prepayment is five years