Question: please give me a complete process and specific answer. Find the APR considering the following scenario: Interest Rate: 4%, Loan amount: $500,000. Term: 30 years.

please give me a complete process and specific answer.

Find the APR considering the following scenario: Interest Rate: 4%, Loan amount: $500,000. Term: 30 years. Points: 3 a. 4.2% b. 4.375% C. 4.075% d. 4.125%

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