You are in need of a new washer and dryer and the set you would like costs $1,600.You do not have access to enough cash to pay for the washer and dryer in full at time of purchase and are exploring your financing options.You have seen the following advertisement on television.Determine what monthly interest rate (X.XX %) is being charged by the leasing company.

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GE APPLIANCES 4.5 cu. ft. HE Top Load Washer & 7.4 cu. ft. Electric Dryer SKU: GOGEEL Own it in 24 months, No Credit Needed! Plus Tax Monthly Payment: $99.99/mo." Today's Payment: $10.00 Delivery & Setup: FREE Service & Repair: INCLUDED START MY LEASE Help? Live Chat 6 877-496-1609 Delivery Location 9 18940 Change What's Included: Washer(1), and Electric Dryer (1) You are selecting an electric dryer. Be sure you don't have gas connections