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a vehicle can be purchased by paying 18700 now or it can be leased by paying 526 per montg for the next 3 years with

a vehicle can be purchased by paying 18700 now or it can be leased by paying 526 per montg for the next 3 years with the first payment due on the day of signing the lease , what nominal annual ratw of interest compounded monthly is charged on the lease

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