Question

Darius wants to buy a new car. The car he chooses has a total purchase price of $18,500. Darius uses a multi-offer website to apply for a car loan. He receives three offers with minimum payments he can afford. The terms for each loan are shown in the table.

Darius belive he should chose loan option B. Which of the following statements about Darius’s choice is true?

A. Darius should choose loan option B because it has the shortest loan term.

B. Darius should not choose loan option B because he will pay $398.52 more in interest than on loan option C.

C. Darius should choose loan option B because he will pay $280.44 less in interest than on loan option A.

D. Darius should not choose loan option B because it does not have the lowest interest rate.

Answer 1

the correct answer is B, Darius should not choose loan option B because he will pay $398.52 more in interest than on loan option C.

Explanation:

I also had this question, and it showed that I got it correct :)