Full work shown would be appreciated.

7. Comparing Automobile Loans. What would be the total vehicle cost in each of these situations? Vehicle 1: A down payment of S3,500 with 48 monthly payments of $312. Vehicle 2: A down payment of $2,700 with 60 monthly payments of $276 Calculating Motor hicle Operating Costs. Using Sheet 38 in the Personal Financial Planne L08-2 08-2 8 calculate the approximate yearly operating cost of the following vehicle Annual depreciation, $2,500 Annual mikeage, 13,200 Cure at year's loan inte rest, $650 Miles per gallon, 24 License and re gistration foes, $65 Average gasoline price,$3.68 per gallon Oil change srepairs, $370 Parking/tolls, $420 08-2 9 Buying versus Leasing a Motor hicle Based on the following, calculate the costs of buying and of leasing a motor vehicle Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate. Leasing Costs Security deposit Lease payment End of lease charges $450 for 36 months $450 for 36 months