3. Camille, a recent Ryerson graduate, decides to buy a new Ducati Motorcycle. She realizes that the cheapest way to purchase her dream motorcycle would be to lease one from a local dealership. On June 1* 2010 (the same day as her convocation ceremony) she makes a down payment of $10,000 toward the lease. Her beginning-of-the-month lease payments are $450 and the term of the lease will be for three years. At the end of the lease she can buy the bike for $7,000. Currently the price of the bike is $30,000. What is the monthly interest rate on the lease? a..6591% b. 1.0715% c. 1.1558% d. 6382% 1. Henri is 32 years old. He has a good job and has paid off his student loans. He has also saved a significant amount toward a down payment on a house. Which of the following statements is most true about Henri's need to look at his retirement? a. Since he is four decades from retirement, he can totally forget about it for the next few years. b. Although it is too soon to firm up a retirement budget, he should get a general idea of how much he might need and how much he would need to save every year in order to save those funds. C. He should prepare a detailed retirement plan so he can know how much he can afford to spend on mortgage payments. d. Since it is too soon to prepare a detailed plan, he should save as much as possible and plan on waiting until retirement to travel