Buy vs. lease. You have found the right car. You have told the dealer that you want to purchase the car. It will cost you $45,000 out the door. You will put down 25% and take a 4 year car loan out for the rest. The interest rate for the loan is 2.99% for 48 months. You made the deal but the dealer also offers you an opportunity to lease the car and save money every month. Here are the terms:-capitalized cost $4500-lease payments $399-security deposit is 2 lease payments-lease term is 48 months-mileage cap is 10,000-mileage charge if over is $0.25/mile -residual value: $22,500Your savings account pays you 0.80% per year. You typically drive 13,000 miles/year. You plan on bringing the car back in perfect condition.1-if you buy the car what are your monthly payments?2-what is the cost of the leasing the car over the entire lease terms?Please use formulas not excel.