someone needs to borrow $13,000 to buy a car and the person has determined that the monthly payments of $250 are affordable. The bank offers a 4 year loan at 8% APR, a 5 five year loan at 8.5% or a 6 year loan at 9% APR. Which loan best meets the person's needs? choose answer from below

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. Which loan best meets the person's needs? (Round to the nearest cent as needed.) O A. The first loan best meets the person's needs because the monthly payment of less than the maximum budgeted amount of $250 per month. OB. 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. OC. 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. OD. None of the loans meet the person's needs