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Ali leased a $32,000 Volvo for $599 per month for 4 years, and a balloon payment of $24,000 at the end of the lease. What

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Ali leased a $32,000 Volvo for $599 per month for 4 years, and a balloon payment of $24,000 at the end of the lease. What nominal interest rate, compounded monthly was he being charged, if his first payment was due the day he bought the car? P/Y CAY N I/Y PV DMT

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