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:

Chapter Summaries

Concise explanations or overviews of the main points or themes in chapters of a book.

Textbook

A book containing detailed information on a particular subject, written with the intention of instructing or educating.

Aural

Pertaining to the ear or sense of hearing.

Kinesthetic

Pertaining to kinesthesia; relating to the awareness of body position and movement.