The following seven (7) questions (including this one) refer to these facts: You have purchased a new home for $250,000 and want to obtain a conforming mortgage by putting down 20%. Your mortgage provider offers you three alternatives: A: a fixed-rate 30-year mortgage at 9% with no points B: a fixed-rate 30-year mortgage at 8.25% with 2 points C: a fixed-rate 15-year mortgage at 7% with no points You will want to note the above mortgage terms on a separate piece of paper as you answer the subsequent, related questions. What is the effective annual yield on mortgage B