Paulo is deciding where to buy a refrigerator. Each store offers a 1-year loan for $975 but with different interest rates and fees. Which is the best way for Paulo to choose the $975 loan that will cost him the LEAST?

a. Choose the loan with the highest interest rate.
b. Choose the loan with the lowest fees.
c. Choose the loan with the lowest interest rate.
d. Choose the loan with the lowest Annual Percentage Rate (APR).

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