Question

Donnie has the option of borrowing $680 for 1 week at an APR of 450% or borrowing the $680 for 1 week with a fee of $60. Which is the "better" deal?

Answer 1

A. Borrowing the $680 for 1 week with a fee of $60, since Donnie will owe more interest this way than with the 450% APR
B. Borrowing the $680 for 1 week at an APR of 450%, since Donnie will owe less interest this way than with the fee of $60
C. Borrowing the $680 for 1 week with a fee of $60, since Donnie will owe less interest this way than with the 450% APR
D. Borrowing the $680 for 1 week at an APR of 450%, since Donnie will owe more interest this way than with the fee of $60