3. Compare the cost of purchasing a car versus leasing a car over a four-year period Cost of Purchasing vs. Leasing a Car Cost of Purchasing the Car Down payment Interest rate Number of months Annual forgone interest on down payment Monthly payment on car loan Total monthly payments Total cost of purchasing Expected amount to be received when car is sold Total cost of purchasing Cost of Leasing the Car Security deposit Forgone interest Monthly lease payments Total monthly payments Total cost of leasing 3. Compare the cost of purchasing a car versus leasing a car over a four-year period Cost of Purchasing vs. Leasing a Car Cost of Purchasing the Car Down payment Interest rate Number of months Annual forgone interest on down payment Monthly payment on car loan Total monthly payments Total cost of purchasing Expected amount to be received when car is sold Total cost of purchasing Cost of Leasing the Car Security deposit Forgone interest Monthly lease payments Total monthly payments Total cost of leasing