Suppose you are buying a new car for $35,000. The car dealer is offering you two options: Buy or 4-year lease.

You can lease the car for $400 monthly (paid at end of the month). Your bank pays 2% APR on savings deposits.

If you decide to lease (instead of buy), how much money will you lose, in today's dollars?)

Enter your answer in the following format: 1,234,56 Hint: Answer is between 3093.59 and 3746.68