Tim needs a new car while he attends college in the united states for the next three years. the car he would like has a msrp of $15,000. a local dealer can get him a 3-year loan with a 7% interest rate if tim can give them a $1,500 down payment. the same dealer offers the same car to lease with a money factor of 0.00271 and a residual value of 75%. the lease requires an additional fee of $1,250 to cover tim's security deposit and the acquisition and documentation fees for the car.