(6) Gene lives in Yellowknife, NT, and works at a gold mine. He needs to lease a truck that he can drive to the job site. The truck costs $33 505.00 (including all taxes and fees). If he leases it, the monthly payment is $696.00, and he must make a $1000.00 down payment, a $500.00 security deposit, and a $437.86 delivery payment. The residual value is $16 989.00 at the end of the three-year lease. The kilometre allowance is 25 000 km/year. a) Calculate the total monthly payments over three years. 263) A b) If Gene purchases the truck at the end of the lease, how much will it cost in total? c) How much will Gene pay for the truck if he purchases it by taking out a loan over four years with a monthly payment of $745.56? d) Why might Gene choose to lease the truck instead of purchasing it?