For everything, provide the necessary details/show your work/screenshots:

Vehicle price(show work if you must calculate it):$$76,720

Lease payment amount and frequency:$486.71Bi-weekly

Lease term:60 Months

Lease interest rate:6.29%

Lease down payment:0

Residual value:$30,606.40

Dealership financing interest rate:$643.54Bi-weekly for 60 Months@ 3.49%

Cash rebate offer:$6,000.00

Bank vehicle loan financing interest rate:

Savings account interest rate (& details):

Question:

1: work with the dealership lease first.Calculate the TOTAL out-of-pocket cost to acquire ownership via this option.

2: work with the dealership finance second.Use the same down payment, payment interval and term as the dealership lease.Calculate the TOTAL out-of-pocket cost to acquire ownership via this option. (3 points)