Previous question Someone needs to borrow $13,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 4-year loan at 6% APR, a 5-year loan at 6.5%, or a 6-year loan at 7% APR. Which loan best meets the person's needs? Explain. a Which loan best meets the person's needs? (Round to the nearest cent as needed.) is less than the maximum budgeted amount of $250 per month. O A. The third loan best meets the person's needs because the monthly payment of $ is less than the maximum budgeted amount of $250 per month. B. The second loan best meets the person's needs because the monthly payment of $ is less than the maximum budgeted amount of $250 per month. O C. The first loan best meets the person's needs because the monthly payment of $ OD. None of the loans meet the person's needs.