Suppose that you just borrowed $300,000 using a 30-year loan with an annual interest rate of 9% with monthly payments and compounding. In order to obtain the loan you had to pay a 0.75% origination fee, 1.5 discount points, and $1,000 in 3rd party closing costs. What will the annual effective borrowing cost be for this loan for a borrower who will pay off the loan at the end of the 4th year? 9.59% O 9.79% 9.40% 9.01%