can I please get help here! in less than an hour that will be very helpful

PART B: Buy or Lease? Here's the scenario: you have $1900 in savings and you need a car. You qualify to either buy or lease a car, for a term of four years. You've gathered the following information: To buy the car The purchase price of the car is $14,900. A 5% minimum down payment is required. The sales tax rate is 7%. The interest rate for buying the car is 6.15%. With a minimum down payment of 5%, the monthly payment is $357.97. Licensing and other fees total approximately $500. With normal driving, the car will be worth $6,495 after four years. Due at signing: Down payment and license taxes and fees To lease the car The purchase price is $14,900. A 5% capital cost reduction payment (down payment) is required at the beginnii of the lease. The sales tax rate is 7% on the monthly payment amount and on the capital cos reduction payment. The purchase price is $14,900. A 5% capital cost reduction payment (down payment) is required at the beginning of the lease. The sales tax rate is 7% on the monthly payment amount and on the capital cost reduction payment. The interest rate for leasing the car is 6.15%. The monthly lease payment, including sales tax and cost of money factor, is $227.50. Licensing and other fees total approximately $500. The residual value at the end of the lease term is $6,495. Due at signing: Capital reduction fee, first monthly payment including sales tax, and license taxes and fees. Based on the information above, complete the table and questions on the following pages: 1. Buy vs. Lease Comparison Table: Fill in the missing numbers in each right-hand column. The terms used are typical and are for your familiarity. Amounts needed to calculate the "Amount Leased" are given as an examnle tn cot unu otartan ins...... 1 Manufacturer's Suggested Retail Price 2 Over the period of the lease, the dealer charges for the unpaid portion of the car value. The factor varies as government rates vary, but it is locked in at the time of signing. 2. At the time of signing, roughly how much will you have to pay a) if you want to purchase the car with the minimum required down payment? Show your calculations. b) if you want to lease the car? Show your calculations. Remember, for leasing, you need to pay the first monthly payment up front. c) Can you afford the amount due at signing for either option? (5 marks) 3. Over the full period of 48 months, what is the total cost a) to purchase? Show your calculations. b) to lease? Show calculations. c) Which plan will cost less? How much less? (5 marks) 4. a) Before deciding whether to lease or buy, answer these questions: (3 marks) If you answered "yes" to the first four items in the table, a lease may be your best option.... If you answered "yes" to the last three items, a purchase may be best... b) Based on your answers in the chart, do you think buying or leasing is the best option for you? Explain your answer. (2 marks) Total value: 50 marks