Capital Cost =

Points = 0

Down Payment =

Residual =

Residual% =

Interest/Year =

Term =

#Advances = 0

Payment =

Begin Period = 1

End Period = 1

Depreciation Paid =

Interest Paid =

End Balance =

Calculates a commercial lease with advanced payments and provides analysis for depreciation and interest totals.

To calculate, enter the data you know then select ? button on the row you don't.

- Capital Cost: Capital costs.

- Points: Percent of capital costs to be added to total costs.

- Down Payment: Total amount as a down payment.

- Residual: Residual remaining at the end of the lease. It is either a percent or amount of capital cost, depending on the setting for Residual Type.

- Residual Type: Whether Residual is a percentage or an amount.

- Interest/Year: Interest paid per year expressed as a percentage.

- Term: Number of months in lease.

- #Advances: Number of terms paid in advance.

- Payment: Monthly payment.

- Begin Period: Beginning period for the depreciation analysis.

- End Period: Ending period for the depreciation analysis.

- Depreciation Paid: Total amount of depreciation paid.

- Interest Paid: Total amount of interest paid.

- End Balance: Amount of depreciation remaining.

A customer wants to lease equipment that costs $150,000. The terms include 7% interest for 60 months, 1 point, 2 advance payments, and a residual amount of $15,000. The customer is willing to make a $15,000 down payment. What's the monthly payment?

- Capital Cost: 150,000

- Points: 1%

- Down Payment: 20,000

- Residual: 15,000

- Interest/Year: 7.0%

- Term: 60

- #Advances: 2

Select ? on Payment row. The equipment lease is $2,366.92 per month.

Capital Cost

Points

Down Payment

Residual

Residual%

Interest/Year

Term

#Advances

Payment

Begin Period

End Period

Depreciation Paid

Interest Paid

End Balance

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Advanced Payments