Question: Daniel was offered two options for a car he was purchasing: Lease option Pay lease amounts of $500 at the beginning of every month for

Daniel was offered two options for a car he was purchasing:

Daniel was offered two options for a car he was purchasing: Lease option Pay lease amounts of $500 at the beginning of every month for 4 years. At the the end of 4 years, purchase the car for $12,500. Buy option Purchase the car immediately for $28,500. Which option should he choose if money is worth 6.50% compounded monthly? (Click to select)

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