A graphic designer needs a laptop for audio/video editing, and

notices that they can elect to pay $2900 for a Dell XPS laptop,

or lease from the manufacturer for monthly payments of $79

each for four years. The designer can borrow at an interest rate

of 7% APR compounded monthly. What is the cost of leasing

the laptop over buying it outright?

A. Leasing costs $311 more than buying.

B. Leasing costs $384 more than buying.

C. Leasing costs $399 more than buying.

D. Leasing costs $892 more than buying

Please provide every single step. (even the little ones) Thank you.