Question: Question 14 (3 points) Listen Matthew is considering an offer from the local Mazda dealer for a Mazda 3 Sport with a selling price of

Question 14 (3 points) Listen Matthew is considering an offer from the local Mazda dealer for a Mazda 3 Sport with a selling price of $30,900. During a special promotion, the dealer is offering payments of $332.63 per month on a four-year lease with a $3,000 down payment. The vehicle has an estimated residual value of $13,500 at the end of the lease period. What is the nominal interest rate, compounded monthly, on the lease agreement? (% to 2 decimals)

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