please provide explanation

0/ 1 pts Question 6 ne pou borrow a PLAM 13120.000 for 30 years. Assume the rest interest rate is 5% and inflation is expected to be 3% every year, the enter the changes totul points upfront, what is the effective annual rate on this loan if you pay off at the end of year 2? 1 Question? 0/ 1 pts Question 6 ne pou borrow a PLAM 13120.000 for 30 years. Assume the rest interest rate is 5% and inflation is expected to be 3% every year, the enter the changes totul points upfront, what is the effective annual rate on this loan if you pay off at the end of year 2? 1