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

C) Leasing costs $145 more than buying

Explanation:

Calculation for the cost of leasing the laptop over buying it outright

First step is to get find the Present value (PV) using financial calculator

Rate =1.17% ( ⁴ 14% ÷ 12 months)

NPER=48 months ( 4 years × 12 month)

PMT=$75

FV=$0.00

Hence,PV will be :.

PV=$2,744.59

Now let calculate the cost of leasing

Cost of leasing= $2,744.59 - $2,600

Cost of leasing= $144.59

Cost of leasing=$145 Approximately

Therefore the cost of leasing the laptop over buying it outright will be $145

cash flow statement possibly

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number