please solve

Lease-versus purchase decision Personal Finance Problem Joanna Drowne is considering either leasing or purchasing a new Chrysier Sebring convertble that has a manufacturor suggestod retal price (MSRP) of $33,300. The dealership ollens a 3 -year lease that requires a capital payment of $3,449 (\$3.074 down payment + $375 secunty deposil) and monthly payment of $502. Purchasing requires a $2,630 down payment, sales tax of 6.5%, $2,165), and 36 montely payments of $9+2. doanna estmates the value of the car wit be $17,000 at the and of 3 years. 5 she can earn 5 . 2 . annual interest on her savings and is subject to a 6.5% sales tax on purchases. Make a reasonable fecommendation to Jeanna using a lease-versub-purchase anaysis that for simploly, lgnores the time value of money a. Calculate the total cost of leasing b. Calculate the total cost of purchasing. c. Which should Joanna do? a. The total cost of leasing is s (Round to the nearest dolar)