Use the below information to answer the following 7 questions. Home purchase amount: $260,000 LTV: 95% Term & Am: 30 years Interest Rate: 4.0% Holding period: 7 years Closing Costs Discount point: 1.00% (paid to lender) Appraisal: $300 (paid to appraiser) Survey: $250 (paid to surveyor) Underwriting fee: $500 (paid to lender) Origination fee: 75% (paid to lender) PMI:.50% of original mortgage amount, paid per year on a monthly basis to the insurer Calculate the effective borrowing cost (EBC) 0 4.93 % O 4.28 % O 5.03 % 0 3.79 % O 3.50 % Calculate the lender's yield (LY) O 3.95 % O 4.99 % O 4.67 % O 4.35% 04.05 %