This question is related to interest rates on home loans. I would like to find an Excel solution/spreadsheet to help me understand how this is calculated. Thank you!

Home loans typically involve \"points,\" which are fees charged by the lender. Each point charged means that the borrower must pay 1% of the loan amount as a fee. For example, if the loan is for $130,000 and 3 points are charged, the loan repayment schedule is calculated on a $130,000 loan but the net amount the borrower receives is only $126,100. Assume the interest rate is 1.25% per month. What is the effective annual interest rate charged on such a loan, assuming loan repayment occurs over 204 months? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Use a financial calculator or Excel.) Effective annual interest rate %