Question: A borrows $ 4 0 0 0 0 for 1 0 years and repays the loan with level annual payments at the end of each

A borrows $40000 for 10 years and repays the loan with level annual payments at the end of each year. B also borrows $40000 for 10 years.
but pays only interest as it is due each year and plans to repay the entire loan at the end of the 10-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.
ANSWER = $
 A borrows $40000 for 10 years and repays the loan with

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