If You Owe $1,200

Multiple Choice

If you owe $1,200.00, which is the most advantageous way to pay it back assuming a 12% APR discount rate?

A) $100.00 monthly payments over the next twelve months
B) $300.00 quarterly payments over the next four quarters
C) $600.00 paid every six months over the next year
D) $1,200.00 paid after one year