Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000$42,000, and he has been approved for a 4-4-year loan with a 5.75%5.75% interest rate. He assumes the car's value will depreciate 8%8% each year, and he intends to sell the car after 1010 years at the depreciated value.

What is his net gain or loss after selling the car?

• $18,244.32$18,244.32

• $65,359.41$65,359.41

• $28,870.77$28,870.77

• $47,115.09