Question

.

Clarissa needs a $2,500 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?

Answer 1

mortgage

Explanation:

are loans distributed by banks to allow consumers to buy homes they can't pay for upfront. A mortgage is tied to your home, meaning you risk foreclosure if you fall behind on payments. Mortgages have among the lowest interest rates of all loans.

Answer 2

An 18-month loan with a 4.75% annual simple interest rate

Explanation: