11. Your aunt is planning to lease a Mercedes Benz E500 luxury car and the dealers sticker price is $95,000. The lease will be for 30 months only. At the end of 30 months, the car will be worth $48,500. If the implied money factor for this lease is 4.5% APR, what will be the monthly payments on this lease for 30 months? To the nearest dollar. a. $1,824.00 b. $1,484.26 c. $1,535.00 d. $1,494.05 e. None of the above

12. Now suppose the manufactured suggested retail price (MSRP) of the Mercedes Benz E500 car described above is $95,000. The dealership informs your aunt that the drive-away payment to lease the car for 30 months is $7,950 made up of $1,100 first month lease payment, another $1,100 as security deposit, $750 as acquisition cost and an additional cash down payment of $5,000. The residual value of the MB E%00 at the end 30 months is $48,500. If your aunt accepts these lease terms, her lease payments at the beginning of each month will be $1,100 per month. Is your aunt better leasing this MB E500 or financing the purchase of this MB E500 with a bank loan at 4.99% APR? Show your work. If possible please use excel functions to answer this problem. Thank you!