Can you please answer these questions? If you write out the PV, PMT, FV, I/Y, N out like this for example

100,000 FV

20 I/Y

3 N

You are buying a new car. The cost is $50,000 with 10% down, payable and 60 equal monthly payments which include interest at an annual rate of 8%. What are the monthly payments? You have an option of: 1. Purchasing a new car for $30,880 with 10% down and making 60 equal monthly payments including interest. The bank will charge you 8%. OR 2. Leasing the car for $600 per month for 60 months with a down payment of $1500. You can, and plan to purchase the car at the end of the lease for $3000. Which is the better option