A car is valued at $38679 and can be leased for $640.34 per month including PST and GST for 36 months with a down payment of $4500. At the end of the three year period, the residual buy-out amount is 55% of the original price plus taxes. Assume the car will be bought at this time by financing the buy-out at 6% for two years. The car can also be bought for $38679 plus PST and GST, with a financing option at 6% for five years and your $2500 down payment, compare the costs of buying and leasing the vehicle. **Note that in both situations you want to own the vehicle at the end of five years. MAKE SURE TO CALCUALTE and show work for: Total cost to finance residual value for 2 years at 6%:(2 marks) Total cost of Lease term ( 2 marks) Total cost to lease then finance the vehicle to own it ( 2 marks) Compare the cost of buying to leasing this vehicle: Calculate the Cost to buy ( 3 marks) Difference ( 1 mark) What would you decided to do purchase or lease this vehicle and support. ( 2