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Uncle Eddie up in New Jersey offers you a $10,100 loan and says you got to pay him back $11,000 in one year.Or, instead, Chase

Uncle Eddie up in New Jersey offers you a $10,100 loan and says you got to pay him back $11,000 in one year.Or, instead, Chase offers a personal loan at a 7.99% interest rate.In this case, the better deal is _____ because the interest rate on Eddie's loan is _____.

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Chase; 8.9%

Eddie; 7.25%

Chase; 10.1%

Eddie; 6.25%

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