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A vehicle can be purchased by paying. $28,000 now, or it can be leased by paying $672 per month for the next four years, with

A vehicle can be purchased by paying. $28,000 now, or it can be leased by paying $672 per month for the next four years, with the first payment due on the day of signing the lease. What nominal annual rate of interest compounded monthly is charged on the lease?

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