APR Annual Percentage Rate. APR is the true or effective interest rate for a loan. It is the actual yield to the lender. The APR is calculated using the stated interest rate, any prepaid interest (points) or other lender fees. Points.
Therefore the amount of the funded loan is $200,000 less the $4,000 = $196,000.
PV=196,615 FV=0 I/Y=8.0 N=300
PV=196,615 FV=0 I/Y=8.0 N=360