Someone needs to borrow $12,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 3-year loan at 7% APR, a 4-year loan at 7.5%, or a 5-year loan at 8% APR. Which loan best meets the person's needs? Explain. Which loan best meets the person's needs? (Round to the nearest cent as needed.) O A. The second loan best meets the person's needs because the monthly payment of is less than the maximum budgeted amount of $250 per month OB. The first loan best meets the person's needs because the monthly payment of is less than the maximum budgeted amount of $250 per month OC. The third loan best meets the person's needs because the monthly payment of $ is less than the maximum budgeted amount of $250 per month OD. None of the loans meet the person's needs