9. What is the difference in the present value of these two loan alternatives? Assume the appropriate discount rate is 6 percent. a. $700,000 Loan at 6%, 30-year term, $50,000 in upfront fees. b. $750,000 Loan at 6%, 30-year term, and no upfront financing costs. c. What is the difference in the present value of these two loan alternatives? Assume that 6% is the appropriate discount rate.