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A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $3,000 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 $3,000 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $82 each for four years. The designer can borrow at an interest rate of 11% APR compounded monthly. What is the cost of leasing the laptop over buying it outright? O A. Leasing costs $173 more than buying. OB. Leasing costs $345 more than buying. OC. Leasing costs $207 more than buying. OD. Leasing costs $138 more than buying
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