Week 6 Discussion1. Pick out a new car that you are interested in. Briefly, what did you choose and why?2. Research the purchase costs and the leasing costs for the car (note: your analysis in Q3 isonly going to be relevant if you look at loan and lease for the same number of months). Youcan research this by looking at currently running advertisements in the paper or online at carmanufacturer websites, or talking to a dealer. You can also see leasing and buying incentivesat. You can find current interest rates for car loansat(recall that you learnedhow to find a loan payment using present value in Chapter 1), and you can use an opportunitycost of 3 percent. You can find value of car at end of a loan term at. Report on your numbers and your source(s) ofinformation.