There is a choice to buy a car worth $32,000 with 100% financing at 3.99% APR for 60 month or lease at $500 per month. The car will need maintenance in the 3^rd year worth $525 and $825 in the 4th year. The car will have 30% residual value in the 5^th year. Sales tax on new car is 6% and required rate of return is 5%. calculate the cost of Owning this car in year 3.

		$6864
		$6335
		$7595
		$7895