Instead of buying, the dealer offers to lease you a car worth $25000 at a rate of 4% EAR for 60 months with $3500 down, lease payments due at the beginning of the month. Assume that if you buy the car, the estimated value in 5 years will be $2500. Do you buy or lease? (Assume that the EAR is correct.)

Group of answer choices

LEASE, < $2000

BUY, < $2000

LEASE, > $2000

BUY, > $2000

Doesn't matter, the costs differ by less than $100