Question 1 (5 points) Saved Listen A business needs money for a new project and looking for loans. If the business gets the loan, it will pay back as a single payment of $176,000 in ten years' time. A bank offers two options to the business: 9.00% APR with semi-annual compounding or 8.00% APR with quarterly compounding. How much greater is the Present Value (PV) of this loan with 9.00% rate than 8.00% rate? $10,049 $7,178 $5,742 $6,732 $7,346 Question 2 (5 points)