Please don't solve on spreadsheet or excel or whatever. I want handwritten notes.

Thanks

I think the last image it got blurred after uploading

You have decided to lease a used car for four years. The car dealer tell you that you could buy the car outright for $15,000 or lease it from them for $200 every two weeks. If you agree to lease it you will get a signing bonus equal to 2% of the car at the end of the lease. You will pay an inspection fee of $150 when you return the car and also the dealership will agree to buy the car for $1,000 after the four year lease. What is the APR that is implied in the lease? Note there is also a documentation fee attached to the lease of $300 and it is paid upfront. Second question, your unde said he would lend you money upfront to buy the car and you pay no extra fees of any kind and there would be no discount from the dealer at the end and no inspection fee and you could still expect to sell it for the same price in four years. Your uncle says you can pay him back at the end of each year with $4,200 per year. Which is the better deal? Calculate the APR on your unde's proposal and as well how much will the total 4 year paiments be under both options and by how much is one better than the other in total dollars paid? Dealer Financing You have decided to lease a used car for four years. The car dealer tell you that you could buy the car outright for $15,000 or lease it from them for $200 every two weeks. if you agree to lease it you will get a signing bonus equal to 2% of the car at the end of the lease. You will pay an inspection fee of $150 when you return the car and also the dealership will agree to buy the car for $1,000 after the four year lease. What is the APR that is implied in the lease? Note there is also a documentation fee attached to the lease of $300 and it is paid upfront. Second question, your unde said he would lend you money upfront to buy the car and you pay no extra fees of any kind and there would be no discount from the dealer at the end and no inspection fee and you could still expect to sell it for the same price in four years. Your uncle says you can pay him back at the end of each year with SA,200 per year. Which is the better deal? Calculate the APR on your unde's proposal and as well how much will the total 4 year payments be under both options and by how much is one better than the other in total dollars paid? You have decided to lease a used car for four years. The car dealer tell you that you could buy the car outright for $15,000 or lease it from them for $200 every two weeks. If you agree to lease it you will get a signing bonus equal to 2% of the car at the end of the lease. You will pay an inspection fee of $150 when you return the car and also the dealership will agree to buy the car for $1,000 after the four year lease. What is the APR that is implied in the lease? Note there is also a documentation fee attached to the lease of $300 and it is paid upfront. Second question, your unde said he would lend you money upfront to buy the car and you pay no extra fees of any kind and there would be no discount from the dealer at the end and no inspection fee and you could still expect to sell it for the same price in four years. Your uncle says you can pay him back at the end of each year with $4,200 per year. Which is the better deal? Calculate the APR on your unde's proposal and as well how much will the total 4 year paiments be under both options and by how much is one better than the other in total dollars paid? Dealer Financing You have decided to lease a used car for four years. The car dealer tell you that you could buy the car outright for $15,000 or lease it from them for $200 every two weeks. if you agree to lease it you will get a signing bonus equal to 2% of the car at the end of the lease. You will pay an inspection fee of $150 when you return the car and also the dealership will agree to buy the car for $1,000 after the four year lease. What is the APR that is implied in the lease? Note there is also a documentation fee attached to the lease of $300 and it is paid upfront. Second question, your unde said he would lend you money upfront to buy the car and you pay no extra fees of any kind and there would be no discount from the dealer at the end and no inspection fee and you could still expect to sell it for the same price in four years. Your uncle says you can pay him back at the end of each year with SA,200 per year. Which is the better deal? Calculate the APR on your unde's proposal and as well how much will the total 4 year payments be under both options and by how much is one better than the other in total dollars paid