Question

question 7
4 pts
josh is shopping for a car loan. he needs to compare the ________ from three different banks.
google translate

• annual percentage rate (apr).
• finance charge percentage.
• credit insurance percentage.

Explanation:

When shopping for a car loan, the Annual Percentage Rate (APR) is the key factor to compare as it represents the total cost of borrowing (including interest and fees) on an annual basis. Finance charge percentage and credit insurance percentage are not the primary metrics for comparing loan offers from different banks.

Answer:

A. Annual percentage rate (APR).