You are looking into buying a new car and found the one you want for a total purchase price of $33,000. The car dealerships financing office has provided you with the following three options to finance the car.

Finance the total cost of the car at 4.5% annual interest compounded monthly for 5 years.

Finance the car by making a $4,000 down payment and have annual interest of 2% compounded monthly for 36 months.

Lease (that is, rent) the car for 36 months for $570 per month. At the end of the lease, the car must be returned (often with limitations on how many miles you can have on the car by the end).

(1) For each option, determine the monthly payments and the total amount of money you would end up paying at the end of each loan term. Create a chart or table to organize your work.