Question: (1 point) (Exercise 3.4) A borrows $27000 for 9 years and repays the loan with level annual payments at the end of each year. B

(1 point) (Exercise 3.4) A borrows $27000 for 9 years and

(1 point) (Exercise 3.4) A borrows $27000 for 9 years and repays the loan with level annual payments at the end of each year. B also borrows $27000 for 9 years. but pays only interest as it is due each year and plans to repay the entire loan at the end of the 9-year period. Both Loans carry an effective interest rate of 9%. How much more interest will B pay than A pays over the life of the loan? Note: Please round A's yearly payment to the nearest cent first, then use it to calculate the interest paid by A

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