A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $2 900 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $79 each for four years. The designer can borrow at an interest rate of 7% APR compounded monthly. What is the cost of leasing the laptop over buying it outright?
A)Leasing costs $311 more than buying.
B)Leasing costs $892 more than buying.
C)Leasing costs $399 more than buying.
D)Leasing costs $384 more than buying.

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The Answer of A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $2 900 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $79 each for four years. The designer can borrow at an interest rate of 7% APR compounded monthly. What is the cost of leasing the laptop over buying it outright?
A)Leasing costs $311 more than buying.
B)Leasing costs $892 more than buying.
C)Leasing costs $399 more than buying.
D)Leasing costs $384 more than buying.

A Graphic Designer Needs a Laptop for Audio/video Editing, and Notices