4 p Question 79 Use the following information to answer the next two questions. You are considering purchasing a house for $590,000, which you plan to finance using an 80% LTV conventional mortgage (i.e. no mortgage Insurance will be required). First Bank of American Dreams is offering a 30-year, fully amortizing, fixed-rate mortgage at 3.25% with monthly payments. This loa charges a 1% origination fee, 3 discount points, and a 5% prepayment penalty. Compute the APR. O 3.1047% 3.3259% 3.5768% O 3.8114% Question 80 4 Now compute the ER. You may assume that you will sell the home and pay off the loan in 7 years. Y may also assume that you never pay anything above the required amount prior to prepaying it at 7 years. 0 3.7913% 0 4.2412% 04.5203% 4.7854%