Points 0 of 1 Which loan best meets the person s needs Round to the nearest cent as needed Someone needs to borrow 13 000 to buy

Question

Points 0 of 1 Which loan best meets the person s needs Round to the nearest cent as needed Someone needs to borrow 13 000 to buy a car and the person has determined that monthly payments of 250 are affordable The bank offers a 4 year loan at 8 APR a 5 year loan at 8 5 or a 6 year loan at 9 APR Which loan best meets the person s needs Explain OA The second loan best meets the person s needs because the monthly payment of maximum budgeted amount of 250 per month OB The third loan best meets the person s needs because the monthly payment of budgeted amount of 250 per month Save OC The first loan best meets the person s needs because the monthly payment of budgeted amount of 250 per month OD None of the loans meet the person s needs is less than the is less than the maximum is less than the maximum

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