Question: Question 17 (3.5 points) You are considering leasing a car. You notice an ad that indicates that you may lease the car you want for

Question 17 (3.5 points) You are considering leasing a car. You notice an ad that indicates that you may lease the car you want for $585.00 per month. The lease term is 36 months with the first payment due at inception of the lease. You must also make an additional down payment of $2670.00. The ad also says that the residual value of the vehicle is $18,110. The total cost of the vehicle based on list price is $32,373, but after much research you have concluded that you could buy the car for a total drive-out' price of $29,700. What is the quoted annual interest rate you are actually paying with the lease? 17.53% 17.98% 13.22% 12.91% 13.23%

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