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What interest rate is being charged if the monthly payment on a 48-month lease of a Jaguar XF (MSRP $58,125) is $799? The required down
What interest rate is being charged if the monthly payment on a 48-month lease of a Jaguar XF (MSRP $58,125) is $799? The required down payment is $2,999 and the residual value is $24,059. (Do not round intermediate calculations and round your final answer to 2 decimal places.) The interest rate is __% compounded monthly
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