Question: Deepak needs to borrow $7,000 and would like 24 months to pay the loan back. In addition, Deepak would like a low-interest rate and fixed

Deepak needs to borrow $7,000 and would like 24 months to

Deepak needs to borrow $7,000 and would like 24 months to pay the loan back. In addition, Deepak would like a low-interest rate and fixed payments. He owns his home and has a car that is paid for, along with jewelry and furniture. Evaluate Deepak's situation and recommend the best option from the following. Borrow the money from a payday lender. Take out a line of credit on his home. Take out an installment loan at his local bank. O Take out a title loan with his car pledged as collateral

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