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You have decided to lease a car in the state of Georgia. Here are the terms of the closed-end lease and other information you will

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You have decided to lease a car in the state of Georgia. Here are the terms of the closed-end lease and other information you will need to know: Capitalized Cost: S25,550 Capitalized Cost Reduction: S2,325 Residual Value: $20,150 Lease term: 36 months Money factor: 0.00325 Title Ad Valorum Tax Rate: 7% What is the APR (annual percentage rate) associated with this lease? (10 points)

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