Car Info You want to drive a new car but you really can't afford it. So, your plan is to lease it for four years and then borrow the money for the buyout. The loan for the buyout will have monthly (end-of-period) payments over a four-year term with a rate of 6.4%. How much interest will you pay over the eight-year period? (Ignore taxes.) Horse Power MSRP 300 hp $65,343 Lease Info Down Payment Buyout Term Lease rate Lease Payment $0 $33,978.36 48 months 5.2% $868.63 The total interest paid will be $ 14,954.23 (Round to the nearest cent as needed.) Car Info You want to drive a new car but you really can't afford it. So, your plan is to lease it for four years and then borrow the money for the buyout. The loan for the buyout will have monthly (end-of-period) payments over a four-year term with a rate of 6.4%. How much interest will you pay over the eight-year period? (Ignore taxes.) Horse Power MSRP 300 hp $65,343 Lease Info Down Payment Buyout Term Lease rate Lease Payment $0 $33,978.36 48 months 5.2% $868.63 The total interest paid will be $ 14,954.23 (Round to the nearest cent as needed.)