You are purchasing a new home and need to borrow $325,000 from a bank. The bank offers a rate of 6.5% APR for a 30-year fixed rate mortgage (with payments made at the end of each month). The mortgage lender also tells you of another option. If you are willing to pay a fee $3250 to- day, they can offer you a lower rate of 6.25% APR for a 30-year fixed rate mortgage. If you se- lect this option, you will need to borrow an additional $3250 to pay for the fee you are paying the bank. Assuming that you do not intend to pay off your mortgage early, are you better off paying the fee and borrowing at 6.25% APR or just borrowing at 6.5% without any fee? For full credit you do not need a final numerical answer. Simply set up the correct method and formulas and list all the correct input values