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:

Niger Delta

A richly biodiverse region in Nigeria, known for its significant oil production but also for environmental and social issues.

Political System

The structured set of institutions, parties, and processes through which a country or organization conducts its political affairs.

Atlantic Africa

The coastal regions of Africa that were involved in the Atlantic Slave Trade, primarily West Africa, from where millions of Africans were forcibly transported to the Americas.

Ndongo

A historical African kingdom located in what is now Angola, known for its resistance against Portuguese colonization in the 16th century.