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A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $2,800 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 $2,800 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $72 each for four years. The designer can borrow at an interest rate of 8% APR compounded monthly. What is the cost of leasing the laptop over buying it outright? A. Leasing costs $119 more than buying. B. Leasing costs $179 more than buying. C. Leasing costs $149 more than buying. D. Leasing costs $298 more than buying
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