Problem 8 You plan to buy a particular car you like and you are forced with the following options: (a) Buy the car for $50K. You can put down $5K and finance the rest for 5 years at an annual nominal rate of 5% compounded monthly. At the end of the fifth year you want to sell the car. (b) Lease the car for 5 years by paying upfront $5K and then making a monthly payment of $400 per month for 60 months. At the end of the 5 years you have the option to return the car or buy it for the price of $30K Analyze both options and determine what the reselling price of the car in option (a) should be, for the option (a) to be better than option (b). Comment on your results