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Wynn is looking at leasing a car. Compute the interest rate on the lease given the other information in the table below. Your answer should

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Wynn is looking at leasing a car. Compute the interest rate on the lease given the other information in the table below. Your answer should be given as a percent and be accurate to at least 2 decimal places. Note: The interest rate is the annual rate with monthly compounding. Purchase Price Down Monthly Interest Payment Payment Rate $7,000 $295.63 0.00% Term (months) Residual Value $38,000 48 $20,124.67

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