P
Pasko1
I would like to calculate the effective interest paid on a lease. If the
asset value is $55k, and the lease payments are $2,519 for 2 years with a
residual asset value of $1 at the end of the lease, what is the effective
interest rate? Note that the first payment is double ($5,038), with 22
monthly payments thereafter.
asset value is $55k, and the lease payments are $2,519 for 2 years with a
residual asset value of $1 at the end of the lease, what is the effective
interest rate? Note that the first payment is double ($5,038), with 22
monthly payments thereafter.