April has been having a difficult few months. She lost her job five months ago when the restaurant where she worked as the general manager went out of business. She was recently hired at a restaurant in a nearby town but, the same week she starts, the car she relies on to get to her new job breaks down and the cost to repair it exceeds the value of the car. April needs to buy a used car immediately, but her savings were depleted by her period of unemployment. She finds a suitable vehicle which will cost $14,000. She has enough savings to be able to make a downpayment of $1,500 but will require financing for the balance. April is concerned about the impact this new debt will have on her cash flow. She intended to prioritize rebuilding her savings now that she's working again. After getting approved, April's lender offers her three options for the terms of the loan. What is the most suitable option for April, assuming her priority is having the lowest initial monthly payment? An unsecured variable-rate personal line of credit with an equivalent annual interest rate of 8% and payments at the end of each month equal to 3% of the balance, An unsecured fixed-rate installment loan with an equivalent annual interest rate of 7 % and payments at end of each month for five year term,A fixed-rate installment loan secured against the vehicle with an equivalent annual interest rate of 6% and payments at the end of each month for three years