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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

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?

A.Leasing Cost $32 Less Than Buying

B.Leasing Cost $162 Less Than Buying

C.Leasing Cost $32 More Than Buying

D.Leasing Cost $126 Less Than Buying

E.Leasing Cost $126 More Than Buying

F.Leasing Cost $162 More Than Buying

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