An Animator Needs a Laptop for Audio/video Editing, and Notices

question 52

Multiple Choice

An animator needs a laptop for audio/video editing, and notices that he can pay $2600 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $75 each for four years. The designer can borrow at an interest rate of 14% APR compounded monthly. What is the cost of leasing the laptop over buying it outright?

• A) Leasing costs $116 more than buying.
• B) Leasing costs $174 more than buying.
• C) Leasing costs $145 more than buying.
• D) Leasing costs $289 more than buying.

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Definitions:

Structural-functionalism

A theory within sociology that perceives society as a complicated system in which its components function in unison to foster unity and steadiness.

Order

An arrangement or sequence of things or events, or the command, direction, or instruction given by an authority.

Stability

The condition of being resistant to change and capable of maintaining a balanced or constant state despite external pressures.

Equilibrium

A state of balance or stability within a system, where competing forces or influences are equal.