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Catherine is buying a new TV and is looking for the best loan to pay for her purchase. What loan should she choose? A. Loan with the highest APR B. Loan with the highest APY C. Loan with the lowest APR
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Catherine is buying a new TV and is looking for the best loan to pay for her purchase. What loan should she choose? A. Loan with the highest APR B. Loan with the highest APY C. Loan with the lowest APR D. Loan with the lowest APY

User Rick Weller
by
6.1k points

2 Answers

3 votes

Answer:

Lowest apr is right tested it on apex


User JustSteveKing
by
5.5k points
1 vote

Answer:

Loan with the lowest APR

Explanation:

Whenever anyone takes a loan from some bank, lowest APR is the main aspect that he person keeps in mind. APR stands for Annual Percentage Rate. Its the interest amount that a person pays for using the loan amount or credit from the bank. Everyone wants to pay lowest APR. Hence, option C is the answer.

User Steve Skrla
by
6.3k points
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