Question $22,13\mathrm{.}1\mathrm{.}20$

Points: $0$ of $1$

A vehicle can be purchased by paying $$17,000$ now, or it can be leased by paying $$377$ 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?

The nominal annual rate of interest is $\%$ compounded monthly.

$($Round to two decimal places as needed.$)$