Suppose you take $50,000$ deb and pay back with $12$ monthly payments. The fee ratio $58\mathrm{.}4\%.$ Which one of the following

numbers is the closest to theAPR of this loan? Hint: feetrato means that, each month, you make an equal amount payment o

$\frac{50,000**5\%+50,000}{12}.$

A$.16\mathrm{.}2\%$

B$.1\mathrm{.}4\%$

C$.17\mathrm{.}5\%$

D$.5\mathrm{.}0\%$