Daisuke needs a car. He can lease a car for 4 years for $260 per month and a down payment of $3500. He can purchase a new car for $24 500, which would be financed with a bank loan at an interest rate of 4.5%, compounded monthly, and a down payment of $5000. He would pay off this loan in 4 years with regular monthly payments. .He can also rent a car at $67 per day. Answer the following, in each case showing your work. 1. Leasing: a. What is the total cost of leasing a car? b. What will he own at the end of four years? 2. Purchasing: a. What is the total cost of purchasing the car? b. If the car depreciates an average of 15% per year, what will the value of the car be at the end of four years? 3. What is the total cost of renting a car for 4 years? 4 What option would you choose? Why?