Question

jesse has an eye on buying a used truck. of the three options below, which do you think is the better deal if he borrows $5,000 cash to be repaid in one lump sum? 7 percent apr payable in two years

Answer 1

7 percent APR payable in two years is the better deal if he borrows $5,000 cash to be repaid in one lump sum. Hence, option A is correct.

What is meant by borrows?

Adopting anything is accepting it for one's own use that someone else has begun or thought of, with the aim or promise of returning it. borrow a thought.

We had to get a big bank loan in order to buy this house. "We routinely lend our neighbors things. The author liberally used ideas that belonged to other writers. "You've already lent me some cash. While "loan" means to give, "borrow" means to take.

Thus, option A is correct.

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Other options are missing-

A) 7 percent APR payable in two years

B) 5.5 percent APR payable in three years

C) 4.75 percent APR payable in four years