Your first home purchase is financed by a conventional lender, which must follow Regulation Z guidelines. The home purchase price is $250,000, you put 20% down, and finance the balance at 9% for twenty-five years with monthly payments. The lender charges 1.5 points. What is the annual percentage rate (APR) of the loan? (Since the APR will always be higher than the loan's stated interest rate when points are paid, try ani a bit higher than the loan's stated interest rate) 9.24 11.09 13.13 14.45 15.76