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

question 97

Multiple Choice

A graphic designer needs a laptop for audio/video editing,and notices that they can elect to pay $2900 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 $384 more than buying.
• C)Leasing costs $399 more than buying.
• D)Leasing costs $892 more than buying.

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Definitions:

Letters

Written communications between parties, often used for formal or professional correspondence.

Writing Approach

pertains to the method or style adopted by an individual when composing texts or documents.

Nature

The inherent qualities or characteristics of something, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth as opposed to humans or human creations.

Assignment

The act of transferring rights, duties, or property from one party to another.