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You are looking to buy a car. The dealership offers you 4 options for a loan. Which is the cheapest? Assume that all payments are

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You are looking to buy a car. The dealership offers you 4 options for a loan. Which is the cheapest? Assume that all payments are direct deposited from your savings account with no charges or fees. APR = 8.95% with payments every second APR = 9.00% with monthly payments APR = 9.03% with quarterly payments APR = 9.2% with payments every year 2 of these are equivalent to each other

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