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Use the following information to answer the next two questions: You wish to borrow $375,000 and the lender has offered you a 3% fully amortizing,

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Use the following information to answer the next two questions: You wish to borrow $375,000 and the lender has offered you a 3% fully amortizing, monthly payment, fixed rate loan for 30 years with a 1% origination fee, 3 discount points, and a 5% prepayment penalty. D Question 30 3 pts Compute the annual percentage rate. 2.6960% 3% 3.3221% 3.7533%

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