1.Calculate the monthly LEASE and FINANCE payments on a new Ford Focus that sells for $22,680, with a residual value of $10,960. Both options are for a 2 year term, with an interest rate of j = 2.29%.

2. Calculate the monthly LEASE and FINANCE payments on a new Mazda that sells for $24,300, with a buyout value of $10,935. Both options are for a 4 year term, with an interest rate of j = 5.9%.

3. Calculate the monthly LEASE and FINANCE payments on a new Toyota that sells for $28,900, with an end value of $16,473. Both options are for a 2 year term, with an interest rate of 4.99%, compounded monthly.

give me the step by step solution.Thank you so much!