Suppose you plan to buy a house. The price of the house is $80,000. You have $10,000 for the down payment and plan to borrow $70,000 plus enough to pay for the points and closing costs. First American Bank has agreed to lend you the money. The loan will be fully amortized over 30 years at 8.0%, with 3 points. The loan payments will be monthly. The closing cost are estimated to be $2,000. Calculate the actuarial, annual percentage and effective rate on this loan if you sell the home and repay the loan at the end of the fifth year.