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###### 4.0.27Soroono noods to borrow $13,000 Io buy and Iho porson has dotarmlnod Ihat monthly payments of 5275 are allordablo. Th al 8%0 APR; 4-year Ioan at e 5%0 , Or 5-year loan al 9%0 APR: Which loan bosl moels Ihe person s neods? ExplainThe lhird loan bost moets the parson'& needs bocause Ihe monthly paymant of 5 month The first Ioan best meets the person s needs because the monthly payment ol $ month: None of Ihe loans moet the person'$ needs:Ioss Ihan the maximum budgeled aless tha

4.0.27 Soroono noods to borrow $13,000 Io buy and Iho porson has dotarmlnod Ihat monthly payments of 5275 are allordablo. Th al 8%0 APR; 4-year Ioan at e 5%0 , Or 5-year loan al 9%0 APR: Which loan bosl moels Ihe person s neods? Explain The lhird loan bost moets the parson'& needs bocause Ihe monthly paymant of 5 month The first Ioan best meets the person s needs because the monthly payment ol $ month: None of Ihe loans moet the person'$ needs: Ioss Ihan the maximum budgeled a less than tha maximum budgaled a

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