3. Thelma is buying a convertible Volkswagon Beetle. She has located one that costs $29800, including all fees and taxes. She has $2400 cash on hand. The dealer has given her two options: Lease the car for 3 years, for $525 per month with a damage deposit of $2000 and delivery charge of $400. Use the $2400 as a down payment on the purchase of the car, then take out a loan at an interest rate of 3.5% for a period of 3 years, with a monthly payment of $802.95. a) What is the total cost of leasing the car for 3 years? b) What is the total cost of purchasing the car (including interest)? c) Which option would you recommend for Thelma? Explain. 4. Louise is buying a car to use when driving senior citizens to doctor appointments. She has located one that costs $23500, including all fees and taxes. She has $2100 cash on hand. The dealer has given her two options: Lease the car for 4 years, for $425 per month with a damage deposit of $1800 and delivery charge of $300. Use the $2100 as a down payment on the purchase of the car, then take out a loan at an interest rate of 3.5% for a period of 4 years, with a monthly payment of $478.86. a) What is the total cost of leasing the car for 4 years? b) What is the total cost of purchasing the car (including interest)? c) Which option would you recommend for Louise? Explain