Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer?

You lease a car at $604 per month for 4 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred.

The estimate of the total cost of the lease is approximately

(Round to the nearest hundred as needed.)

How reasonable is your estimate when compared to the actual answer? Select the correct answer below.

A. The estimate is a little higher than the actual result. The difference is

B. The estimate is a little lower than the actual result. The difference is