Question: Question 32 (4 points) You have been offered a $7,000,000 mortgage loan at an interest rate of 4.10%, with 25-year amortization, payable monthly. The lender

Question 32 (4 points) You have been offered a $7,000,000 mortgage loan at an interest rate of 4.10%, with 25-year amortization, payable monthly. The lender is going to charge a total of 125 bps (1.25%) up-front in origination fees/points. What is the effective interest rate, factoring in the loan fees (remember to multiply the monthly rate by 12)? Round to 2 decimal places. A/

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