3.1 Marcus was offered two options for a car he was purchasing: Lease option Pay lease amounts of $600 at the beginning of every month for 7 years. At the the end of 7 years, purchase the car for...

3.1
Marcus was offered two options for a car he was purchasing:

Lease option

Pay lease amounts of $600 at the beginning of every month for 7 years. At the the end of 7 years, purchase the car for $10,000.

Buy option

Purchase the car immediately for $30,000.