Question: Someone needs to borrow $ 1 1 comma 0 0 0 1 1 , 0 0 0 to buy a car and the person has

Someone needs to borrow $11 comma 00011,000 to buy a car and the person has determined that monthly payments of $250250 are affordable. The bank offers a 33-year loan at 77%APR, a 44-year loan at 7.57.5%, or a 55-year loan at 88% APR. Which loan best meets the person's needs? Explain.

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