You have two financing options from a car dealer: financing and leasing. The details are given in the table below. If your earning interest rate is 6%. Which financing option is better?

You need to represent BOTH in your spreadsheet

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Item Price Down payment APR Monthly payment Length (months) Fees Disposition Purchase option at end Cash due at beginning Finance $14,695 $2,000 3.6% $372.55 36 $0 $2,000 Lease $14,695 $0 $236.45 36 $495 $300 $8.673.1 $731.45 $2,000 $731.45 Months 35 36 A-$372.55 Months 35 36 $8,673.1 A-$236.45 Finance $300 Lease Item Price Down payment APR Monthly payment Length (months) Fees Disposition Purchase option at end Cash due at beginning Finance $14,695 $2,000 3.6% $372.55 36 $0 $2,000 Lease $14,695 $0 $236.45 36 $495 $300 $8.673.1 $731.45 $2,000 $731.45 Months 35 36 A-$372.55 Months 35 36 $8,673.1 A-$236.45 Finance $300 Lease