Why should you avoid payday loans as a source of$$ funds?$($Select the best answer$$ below.$)$

A$.$

The monthly interest rates for payday loans are commonly several hundred percent a month making them an extremely costly source of financing.

B$.$

The annualized interest rates for payday loans are commonly several hundred percent a year making them an extremely inexpensive source of financing.

C$.$

The annualized interest rates for payday loans are commonly several hundred percent a year making them an extremely costly source of financing.

D$.$

The annualized interest rates for payday loans are commonly five to ten percent a year making them an extremely costly source of financing.