A graphic designer needs a laptop for? audio/video editing, and notices that they can elect to pay $3,500 for a Dell XPS? laptop, or lease from the manufacturer for monthly payments of $89 each for four years. The designer can borrow at an interest rate of 6?% APR compounded monthly. What is the cost of leasing the laptop over buying it? outright?
A. Leasing costs $348 more than buying.
B. Leasing costs $232 more than buying.
C. Leasing costs $579 more than buying.
D. Leasing costs $290 more than buying.