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oblem) You are given (i) Loan repayment period: 5 years. (ii) Beginning loan amount: $75,000. (iii) Two repayment options: (a) Level annual payments at the

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oblem) You are given (i) Loan repayment period: 5 years. (ii) Beginning loan amount: $75,000. (iii) Two repayment options: (a) Level annual payments at the beginning of each year. (b) Level semi-annual payments at the end of each 6-month period. (iv) A = annual payment under Option 1. total payments in a year under Option 2. (vi) d(4) = 0.076225. (v) B Calculate the absolute value of A-B. A. 360 B. 560 C. 920 D. 970

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