After deciding to buy a new car, you can either lease the car or purchase it on a three-year loan. The car you wish to buy costs $45,000 The dealer has a special leasing arrangement where you pay $750 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years. You believe you will be able to sell the car for $25,000 in three years. Assuming an APR of 6 percent (monthly interest rate of 0.5 percent), should you buy or lease the car? Hint: compare the cost of leasing (present value of leasing payments) and the cost of buying (purchasing price minus the resale price in today's dollars)