What is the cost of leasing the laptop

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A graphic designer needs a laptop for? audio/video editing, and notices that they can elect to pay $2,800 for a Dell XPS? laptop, or lease from the manufacturer for monthly payments of $82 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?

Reference no: EM132681650

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