A graphic designer needs a new laptop and notices that he can pay $2,800 for a Dell XPS laptop upfront, or lease it from the manufacturer for monthly payments of $78 each for four years. The designer can borrow at an interest rate of 12% APR compounded monthly. What is the cost of leasing the laptop over buying it outright it terms of dollars today?

Group of answer choices

Leasing costs $162 more than buying.

Leasing costs $32 more than buying

Leasing costs $162 less than buying.

Leasing costs $32 less than buying

Leasing costs $126 less than buying.

Leasing costs $126 more than buying.