Question: a computational engineer needs a workstation for programming, and notices that he can pay $4000 for a Dell precision workstation, or lease from the supplier

a computational engineer needs a workstation for programming, and notices that he can pay $4000 for a Dell precision workstation, or lease from the supplier for monthly payments of $100 each for five years(paid at the end of each month). The engineer can borrow at an interest rate of 12% APR compounded monthly.

a) draw the timeline for leasing the workstation

b) what is the cost of leasing the workstation over buying it outright

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