for these questions, we are exposed to the finance app on the scientific calculator. When applicable, please just plug in values, calculation not required:

N=

I=

PV=

PMT=

FV=

P/Y=

C/Y=

4. Julia is a taxi driver who needs a new car. She can either lease a car for 2 years for $2000 down and $500 each month. She can also buy a new car for $18000, which she will finance with her line of credit that charges 4.1%, compounded monthly, after making a down payment of $3500. After 2 years, the dealership will accept the car for a trade-in value of $5000. (12 pts) a) How much will it cost Julia to lease the car? Show your work. b) How much will it cost Julia to buy the car if she pays off the debt with regular monthly payments over 2 years? Show your work. c) What would you recommend Julia do? Why