Someone needs to borrow $10,000 to buy a car and the person has determined that monthly payments of $200 are affordable. The bank offers a 4-year loan at 7% APR, a 5-year loan at 7.5%, or a 6-year loan at 8% APR. Which loan best meets the person's needs? Explain.

Which loan best meets the person's needs?

A. The third loan best meets the person's needs because the monthly payment of $(what) is less than the maximum budgeted amount of $200 per month.

b. The first loan best meets the person's needs because the monthly payment of $(what) is less than the maximum budgeted amount of $200 per month

c. The second loan best meets the person's needs because the monthly payment of $(what) is less than the maximum budgeted amount of $200 per month

d.none of the loans meet the persons need's