You are a lender and have been asked by a potential borrower to originate a 15 -year $200,000 fixed rate mortgage loan at 5.4% that fully amortizes with monthly payments. What is the Annual Percentage Rate (APR) of this loan you would disclose to the borrower if you require him/her to pay you $3,000 to originate the loan. I want to remind you that origination fees to impact payments, you should assume that the borrower makes EVERY payment when calculating APR, and your answer legally must be presented in annual terms. Please indicate your answer as an annual percentage with digits right of the decimal (ie, an answer of 0.07562 should be entered as 7.56 )