A college student is trying to decide whether to buy or lease a motorcycle for getting to and from school. the cost of the motorcycle is 13,000, including tax

a.) determine the monthly payment on a loan for the bike with a financing term of 36 months, an APR of 5.9%, compounded monthly

b.) determine a monthly payment on a lease for 24 months ,an apr of 4.1%, compounded monthly. the deprecation is 15% a year