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A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $2,600 for a Dell XPS laptop, or lease
A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $2,600 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $70 each for four years. The designer can borrow at an interest rate of 9% APR compounded monthly. What is the cost of leasing the laptop over buying it outright? O A. Leasing costs $170 more than buying. O B. Leasing costs $256 more than buying O C. Leasing costs $213 more than buying. OD. Leasing costs $426 more than buying
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